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Inputs

Database and Methods

new 31-07-2025

Preços

Cadastro

Managed Volatility

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portfolio_name:
- beta_brasil

risk_target:
- ibovfut_av: 2
- brlusdfut_av: 1
- dif3yfut_av: 2

allocation method:
- vol

running allocation...

clusters_weights_resampled

	smll_av	brlusdfut_av	dif3yfut_av
1998-12-31	0.511317	0.340248	0.478290
1999-01-28	0.494910	0.117648	0.437679
1999-02-25	0.492232	0.116226	0.442523
1999-03-25	0.480166	0.114722	0.442452
1999-04-29	0.483165	0.113492	0.441889
...	...	...	...
2025-03-27	0.609365	0.277898	0.492721
2025-04-24	0.588975	0.270443	0.490933
2025-05-29	0.588138	0.271228	0.500357
2025-06-26	0.591941	0.276001	0.518153
2025-07-31	0.578180	0.282959	0.528143

320 rows × 3 columns

clusters_weights

	smll_av	brlusdfut_av	dif3yfut_av	cdi
date
1998-12-31	0.511317	0.340248	0.478290	-0.329855
1999-01-01	0.511318	0.340247	0.478291	-0.329856
1999-01-04	0.507028	0.344513	0.475216	-0.326758
1999-01-05	0.503329	0.347161	0.473557	-0.324047
1999-01-06	0.501633	0.347617	0.473380	-0.322631
...	...	...	...	...
2025-07-25	0.585374	0.280969	0.524751	-0.391094
2025-07-28	0.583327	0.281609	0.528702	-0.393638
2025-07-29	0.580577	0.281181	0.528932	-0.390690
2025-07-30	0.584039	0.279832	0.524403	-0.388275
2025-07-31	0.578180	0.282959	0.528143	-0.389283

6936 rows × 4 columns

clusters_weights (pack_only)

	usdbrlfut	dif3yfut	smal11_excdi	cdi
date
1998-12-31	-3.892852	0.184039	0.000000	1.0
1999-01-01	-3.950090	0.190262	0.000000	1.0
1999-01-04	-3.999551	0.189039	0.000000	1.0
1999-01-05	-4.012046	0.188372	0.000000	1.0
1999-01-06	-4.008558	0.188271	0.000000	1.0
...	...	...	...	...
2025-07-25	-0.253973	1.043856	0.272401	1.0
2025-07-28	-0.254412	1.052535	0.271806	1.0
2025-07-29	-0.253965	1.053655	0.273050	1.0
2025-07-30	-0.253344	1.044527	0.272807	1.0
2025-07-31	-0.256178	1.052957	0.257653	1.0

6936 rows × 4 columns

securities_weights

	usdbrlfut	dif3yfut	smal11_excdi	cdi
date
1998-12-31	-3.892852	0.184039	0.000000	1.0
1999-01-01	-3.950090	0.190262	0.000000	1.0
1999-01-04	-3.999551	0.189039	0.000000	1.0
1999-01-05	-4.012046	0.188372	0.000000	1.0
1999-01-06	-4.008558	0.188271	0.000000	1.0
...	...	...	...	...
2025-07-25	-0.253973	1.043856	0.272401	1.0
2025-07-28	-0.254412	1.052535	0.271806	1.0
2025-07-29	-0.253965	1.053655	0.273050	1.0
2025-07-30	-0.253344	1.044527	0.272807	1.0
2025-07-31	-0.256178	1.052957	0.257653	1.0

6936 rows × 4 columns

cota_gross

date
1998-12-31     1.000000
1999-01-01     0.999997
1999-01-04     1.009145
1999-01-05     1.017254
1999-01-06     1.021389
                ...    
2025-07-25    23.084645
2025-07-28    22.930489
2025-07-29    23.098502
2025-07-30    23.237234
2025-07-31    23.237139
Length: 6936, dtype: float64

cota_net

date
1998-12-31     1.000000
1999-01-01     0.999997
1999-01-04     1.009143
1999-01-05     1.017253
1999-01-06     1.021387
                ...    
2025-07-25    22.983500
2025-07-28    22.830005
2025-07-29    22.997289
2025-07-30    23.135411
2025-07-31    23.135283
Length: 6936, dtype: float64

running sizing...

clusters_weights_resampled_sized

	smll_av	brlusdfut_av	dif3yfut_av	cdi
1998-12-31	NaN	NaN	NaN	NaN
1999-01-28	0.049491	0.011765	0.043768	-0.005024
1999-01-29	0.496140	0.116992	0.437169	-0.050301
1999-02-25	0.492232	0.116226	0.442523	-0.050981
1999-03-25	0.480166	0.114722	0.442452	-0.037340
...	...	...	...	...
2025-03-27	0.609365	0.277898	0.492721	-0.379984
2025-04-24	0.588975	0.270443	0.490933	-0.350352
2025-05-29	0.588138	0.271228	0.500357	-0.359723
2025-06-26	0.591941	0.276001	0.518153	-0.386094
2025-07-31	0.578180	0.282959	0.528143	-0.389283

427 rows × 4 columns

clusters_weights_sized

	smll_av	brlusdfut_av	dif3yfut_av	cdi
date
1998-12-31	NaN	NaN	NaN	1.000000
1999-01-01	NaN	NaN	NaN	1.000000
1999-01-04	NaN	NaN	NaN	1.000000
1999-01-05	NaN	NaN	NaN	1.000000
1999-01-06	NaN	NaN	NaN	1.000000
...	...	...	...	...
2025-07-25	0.588051	0.282254	0.527151	-0.397457
2025-07-28	0.586142	0.282968	0.531253	-0.400362
2025-07-29	0.583485	0.282590	0.531581	-0.397657
2025-07-30	0.587075	0.281286	0.527129	-0.395490
2025-07-31	0.578180	0.282959	0.528143	-0.389283

6936 rows × 4 columns

clusters_weights_sized (pack_only)

	usdbrlfut	dif3yfut	smal11_excdi	cdi
date
1998-12-31	0.000000	0.000000	0.000000	1.0
1999-01-01	0.000000	0.000000	0.000000	1.0
1999-01-04	0.000000	0.000000	0.000000	1.0
1999-01-05	0.000000	0.000000	0.000000	1.0
1999-01-06	0.000000	0.000000	0.000000	1.0
...	...	...	...	...
2025-07-25	-0.255135	1.048630	0.273646	1.0
2025-07-28	-0.255640	1.057614	0.273118	1.0
2025-07-29	-0.255237	1.058933	0.274417	1.0
2025-07-30	-0.254660	1.049956	0.274225	1.0
2025-07-31	-0.256178	1.052957	0.257653	1.0

6936 rows × 4 columns

securities_weights

	usdbrlfut	dif3yfut	smal11_excdi	cdi
date
1998-12-31	0.000000	0.000000	0.000000	1.0
1999-01-01	0.000000	0.000000	0.000000	1.0
1999-01-04	0.000000	0.000000	0.000000	1.0
1999-01-05	0.000000	0.000000	0.000000	1.0
1999-01-06	0.000000	0.000000	0.000000	1.0
...	...	...	...	...
2025-07-25	-0.255135	1.048630	0.273646	1.0
2025-07-28	-0.255640	1.057614	0.273118	1.0
2025-07-29	-0.255237	1.058933	0.274417	1.0
2025-07-30	-0.254660	1.049956	0.274225	1.0
2025-07-31	-0.256178	1.052957	0.257653	1.0

6936 rows × 4 columns

cota_gross_sized

date
1998-12-31     1.000000
1999-01-01     1.000000
1999-01-04     1.001012
1999-01-05     1.002021
1999-01-06     1.003030
                ...    
2025-07-25    36.197860
2025-07-28    35.954939
2025-07-29    36.219557
2025-07-30    36.438086
2025-07-31    36.437936
Length: 6936, dtype: float64

cota_net_sized

date
1998-12-31     1.000000
1999-01-01     1.000000
1999-01-04     1.001012
1999-01-05     1.002021
1999-01-06     1.003030
                ...    
2025-07-25    35.797451
2025-07-28    35.557195
2025-07-29    35.818898
2025-07-30    36.035006
2025-07-31    36.034806
Length: 6936, dtype: float64

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YTD 3Y 5Y Max {% raw %}{% endraw %}

beta_brasil

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2025	6.6	-0.4	4.3	6.1	2.3	3.9	-2.3	–	–	–	–	–	20.5

beta_brasil

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2022	2.8	-0.4	4.9	-3.9	0.6	-6.4	2.4	5.5	0.8	3.0	-5.7	0.5	4.1
2023	1.9	-2.3	3.0	1.9	6.5	6.3	1.8	-2.9	-1.8	-2.7	7.6	3.9	23.2
2024	-1.9	-0.4	0.3	-6.1	-1.4	-3.9	1.7	2.0	-1.3	-2.7	-5.1	-5.8	-24.6
2025	6.6	-0.4	4.3	6.1	2.3	3.9	-2.3	–	–	–	–	–	20.5

beta_brasil

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2020	0.4	-2.2	-12.2	-1.1	1.4	2.4	3.0	-1.9	-2.4	-1.5	4.4	4.0	-5.7
2021	-2.7	-2.3	0.1	2.8	2.1	0.8	-3.6	-2.8	-4.1	-8.3	1.5	4.6	-11.9
2022	1.1	-0.4	4.9	-3.9	0.6	-6.4	2.4	5.5	0.8	3.0	-5.7	0.5	2.4
2023	1.9	-2.3	3.0	1.9	6.5	6.3	1.8	-2.9	-1.8	-2.7	7.6	3.9	23.2
2024	-1.9	-0.4	0.3	-6.1	-1.4	-3.9	1.7	2.0	-1.3	-2.7	-5.1	-5.8	-24.6
2025	6.6	-0.4	4.3	6.1	2.3	3.9	-2.3	–	–	–	–	–	20.5

beta_brasil

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2005	1.6	2.3	-0.7	3.6	3.6	4.0	-0.0	1.1	14.2	-3.1	4.6	4.5	35.7
2006	10.2	6.3	-1.6	2.1	-10.0	5.0	2.9	4.1	2.4	5.6	6.4	6.4	39.8
2007	-0.5	1.6	3.6	6.5	7.7	-0.7	-0.5	-7.4	5.1	2.8	-4.4	-1.2	12.6
2008	-2.2	4.4	-5.3	3.7	2.6	-4.0	4.2	-1.3	-9.5	-5.4	1.9	7.8	-3.1
2009	1.5	1.2	2.8	5.6	5.5	-0.1	4.2	2.2	2.8	0.2	3.2	2.9	32.0
2010	-0.8	3.7	1.5	-1.1	0.7	2.6	7.4	4.6	0.8	3.9	-2.8	2.9	23.4
2011	-7.1	3.5	2.5	3.6	2.1	-0.8	-3.0	7.1	-6.8	7.2	2.3	-4.5	6.1
2012	8.9	5.9	0.6	4.6	-3.9	4.2	1.8	3.3	1.9	4.1	-2.5	5.7	34.6
2013	-0.1	-1.5	-3.3	4.5	-9.6	-13.2	-0.7	-5.6	5.3	0.8	-3.5	-0.5	-27.4
2014	-5.5	4.5	2.4	1.9	3.6	2.0	-0.6	5.6	-9.9	-0.0	1.3	-4.7	0.6
2015	-0.7	-0.0	-3.0	2.6	0.5	-0.4	-2.0	-6.3	-4.2	2.4	-0.4	-1.5	-13.0
2016	0.9	3.8	8.6	5.1	-2.1	6.8	5.2	1.0	2.5	3.5	-3.3	2.7	34.7
2017	6.8	4.0	1.1	1.0	-3.5	0.7	5.9	3.0	2.4	-1.6	-0.9	3.4	22.3
2018	3.4	0.8	1.4	-0.5	-7.6	-3.7	4.5	-6.6	0.7	11.8	1.7	2.7	8.6
2019	5.9	-1.2	-0.5	0.8	3.4	6.0	3.6	-2.0	2.8	4.4	-1.7	6.3	27.8
2020	0.4	-2.2	-12.2	-1.1	1.4	2.4	3.0	-1.9	-2.4	-1.5	4.4	4.0	-5.7
2021	-2.7	-2.3	0.1	2.8	2.1	0.8	-3.6	-2.8	-4.1	-8.3	1.5	4.6	-11.9
2022	1.1	-0.4	4.9	-3.9	0.6	-6.4	2.4	5.5	0.8	3.0	-5.7	0.5	2.4
2023	1.9	-2.3	3.0	1.9	6.5	6.3	1.8	-2.9	-1.8	-2.7	7.6	3.9	23.2
2024	-1.9	-0.4	0.3	-6.1	-1.4	-3.9	1.7	2.0	-1.3	-2.7	-5.1	-5.8	-24.6
2025	6.6	-0.4	4.3	6.1	2.3	3.9	-2.3	–	–	–	–	–	20.5

beta_brasil_sized

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2025	6.6	-0.4	4.3	6.1	2.3	3.9	-2.3	–	–	–	–	–	20.5

beta_brasil_sized

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2022	2.8	-0.4	4.9	-3.9	0.6	-6.4	2.4	5.5	0.7	2.9	-5.3	0.5	4.3
2023	1.9	-2.3	3.0	1.9	6.5	6.4	1.8	-2.9	-1.8	-2.7	7.6	3.9	23.3
2024	-1.9	-0.4	0.3	-6.1	-0.5	-3.9	1.7	2.0	-1.3	-2.7	-5.2	-4.0	-22.0
2025	6.6	-0.4	4.3	6.1	2.3	3.9	-2.3	–	–	–	–	–	20.5

beta_brasil_sized

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2020	0.4	-2.2	-8.3	-1.9	1.4	2.4	3.0	-1.9	-2.4	-1.5	4.4	4.0	-2.6
2021	-2.7	-2.3	0.1	2.8	2.1	0.8	-3.6	-2.8	-4.1	-8.0	1.4	4.6	-11.7
2022	1.1	-0.4	4.9	-3.9	0.6	-6.4	2.4	5.5	0.7	2.9	-5.3	0.5	2.6
2023	1.9	-2.3	3.0	1.9	6.5	6.4	1.8	-2.9	-1.8	-2.7	7.6	3.9	23.3
2024	-1.9	-0.4	0.3	-6.1	-0.5	-3.9	1.7	2.0	-1.3	-2.7	-5.2	-4.0	-22.0
2025	6.6	-0.4	4.3	6.1	2.3	3.9	-2.3	–	–	–	–	–	20.5

beta_brasil_sized

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2005	1.6	2.3	-0.7	3.6	3.6	4.0	-0.1	1.1	12.5	-3.2	4.6	4.5	33.8
2006	10.2	6.4	-2.7	2.1	-10.4	4.9	2.9	4.1	2.4	5.6	6.4	6.4	38.3
2007	-0.5	1.6	3.6	6.5	7.7	-0.5	-1.2	-4.4	5.1	2.8	-4.4	-1.3	15.0
2008	-2.2	4.4	-5.4	3.7	2.6	-4.0	4.2	-1.3	-9.1	-5.4	1.9	7.8	-2.8
2009	1.5	1.2	2.8	5.6	5.5	-0.1	4.2	2.2	2.8	0.2	3.2	2.9	32.0
2010	-0.8	3.7	1.5	-1.1	0.4	2.6	7.4	4.6	0.8	3.9	-2.8	2.9	23.1
2011	-7.1	3.6	2.5	3.6	2.1	-0.8	-3.1	7.2	-3.8	5.8	2.3	-4.5	7.8
2012	8.9	6.0	0.6	4.6	-3.8	4.2	1.8	3.3	1.9	4.1	-2.5	5.7	34.8
2013	-0.1	-1.5	-3.4	4.5	-9.6	-7.4	-0.7	-5.5	5.3	0.8	-3.5	-0.5	-21.6
2014	-5.5	4.5	2.5	1.9	3.6	2.0	-0.6	5.6	-10.2	0.3	1.3	-4.7	0.7
2015	-0.8	-0.0	-3.0	2.6	0.5	-0.4	-2.0	-6.3	-4.2	2.4	-0.4	-1.5	-13.1
2016	0.9	3.8	8.6	5.1	-2.1	6.8	5.2	1.0	2.5	3.5	-3.3	2.7	34.7
2017	6.8	4.0	1.1	0.9	-3.5	0.7	5.9	3.1	2.4	-1.6	-0.9	3.5	22.4
2018	3.4	0.8	1.4	-0.5	-7.6	-1.8	4.3	-4.8	1.0	12.4	1.7	2.7	13.0
2019	5.9	-1.2	-0.5	0.8	3.4	6.0	3.6	-2.0	2.8	4.4	-1.7	6.4	27.9
2020	0.4	-2.2	-8.3	-1.9	1.4	2.4	3.0	-1.9	-2.4	-1.5	4.4	4.0	-2.6
2021	-2.7	-2.3	0.1	2.8	2.1	0.8	-3.6	-2.8	-4.1	-8.0	1.4	4.6	-11.7
2022	1.1	-0.4	4.9	-3.9	0.6	-6.4	2.4	5.5	0.7	2.9	-5.3	0.5	2.6
2023	1.9	-2.3	3.0	1.9	6.5	6.4	1.8	-2.9	-1.8	-2.7	7.6	3.9	23.3
2024	-1.9	-0.4	0.3	-6.1	-0.5	-3.9	1.7	2.0	-1.3	-2.7	-5.2	-4.0	-22.0
2025	6.6	-0.4	4.3	6.1	2.3	3.9	-2.3	–	–	–	–	–	20.5

Total: 5.975138187408447

{% raw %}{% endraw %}

YTD 3Y 5Y Max {% raw %}{% endraw %}

beta_brasil

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2025	6.6	-0.4	4.3	6.1	2.3	3.9	-2.3	–	–	–	–	–	20.5

beta_brasil

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2022	2.8	-0.4	4.9	-3.9	0.6	-6.4	2.4	5.5	0.8	3.0	-5.7	0.5	4.1
2023	1.9	-2.3	3.0	1.9	6.5	6.3	1.8	-2.9	-1.8	-2.7	7.6	3.9	23.2
2024	-1.9	-0.4	0.3	-6.1	-1.4	-3.9	1.7	2.0	-1.3	-2.7	-5.1	-5.8	-24.6
2025	6.6	-0.4	4.3	6.1	2.3	3.9	-2.3	–	–	–	–	–	20.5

beta_brasil

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2020	0.4	-2.2	-12.2	-1.1	1.4	2.4	3.0	-1.9	-2.4	-1.5	4.4	4.0	-5.7
2021	-2.7	-2.3	0.1	2.8	2.1	0.8	-3.6	-2.8	-4.1	-8.3	1.5	4.6	-11.9
2022	1.1	-0.4	4.9	-3.9	0.6	-6.4	2.4	5.5	0.8	3.0	-5.7	0.5	2.4
2023	1.9	-2.3	3.0	1.9	6.5	6.3	1.8	-2.9	-1.8	-2.7	7.6	3.9	23.2
2024	-1.9	-0.4	0.3	-6.1	-1.4	-3.9	1.7	2.0	-1.3	-2.7	-5.1	-5.8	-24.6
2025	6.6	-0.4	4.3	6.1	2.3	3.9	-2.3	–	–	–	–	–	20.5

beta_brasil

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2005	1.6	2.3	-0.7	3.6	3.6	4.0	-0.0	1.1	14.2	-3.1	4.6	4.5	35.7
2006	10.2	6.3	-1.6	2.1	-10.0	5.0	2.9	4.1	2.4	5.6	6.4	6.4	39.8
2007	-0.5	1.6	3.6	6.5	7.7	-0.7	-0.5	-7.4	5.1	2.8	-4.4	-1.2	12.6
2008	-2.2	4.4	-5.3	3.7	2.6	-4.0	4.2	-1.3	-9.5	-5.4	1.9	7.8	-3.1
2009	1.5	1.2	2.8	5.6	5.5	-0.1	4.2	2.2	2.8	0.2	3.2	2.9	32.0
2010	-0.8	3.7	1.5	-1.1	0.7	2.6	7.4	4.6	0.8	3.9	-2.8	2.9	23.4
2011	-7.1	3.5	2.5	3.6	2.1	-0.8	-3.0	7.1	-6.8	7.2	2.3	-4.5	6.1
2012	8.9	5.9	0.6	4.6	-3.9	4.2	1.8	3.3	1.9	4.1	-2.5	5.7	34.6
2013	-0.1	-1.5	-3.3	4.5	-9.6	-13.2	-0.7	-5.6	5.3	0.8	-3.5	-0.5	-27.4
2014	-5.5	4.5	2.4	1.9	3.6	2.0	-0.6	5.6	-9.9	-0.0	1.3	-4.7	0.6
2015	-0.7	-0.0	-3.0	2.6	0.5	-0.4	-2.0	-6.3	-4.2	2.4	-0.4	-1.5	-13.0
2016	0.9	3.8	8.6	5.1	-2.1	6.8	5.2	1.0	2.5	3.5	-3.3	2.7	34.7
2017	6.8	4.0	1.1	1.0	-3.5	0.7	5.9	3.0	2.4	-1.6	-0.9	3.4	22.3
2018	3.4	0.8	1.4	-0.5	-7.6	-3.7	4.5	-6.6	0.7	11.8	1.7	2.7	8.6
2019	5.9	-1.2	-0.5	0.8	3.4	6.0	3.6	-2.0	2.8	4.4	-1.7	6.3	27.8
2020	0.4	-2.2	-12.2	-1.1	1.4	2.4	3.0	-1.9	-2.4	-1.5	4.4	4.0	-5.7
2021	-2.7	-2.3	0.1	2.8	2.1	0.8	-3.6	-2.8	-4.1	-8.3	1.5	4.6	-11.9
2022	1.1	-0.4	4.9	-3.9	0.6	-6.4	2.4	5.5	0.8	3.0	-5.7	0.5	2.4
2023	1.9	-2.3	3.0	1.9	6.5	6.3	1.8	-2.9	-1.8	-2.7	7.6	3.9	23.2
2024	-1.9	-0.4	0.3	-6.1	-1.4	-3.9	1.7	2.0	-1.3	-2.7	-5.1	-5.8	-24.6
2025	6.6	-0.4	4.3	6.1	2.3	3.9	-2.3	–	–	–	–	–	20.5

beta_brasil_timing_long_bias

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2025	-0.3	-0.3	0.9	5.4	2.4	1.4	-1.7	–	–	–	–	–	7.8

beta_brasil_timing_long_bias

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2022	0.7	-2.0	2.2	-1.1	-0.3	1.9	1.2	4.5	-1.0	-1.5	-1.6	1.2	4.2
2023	-1.1	-0.0	2.3	0.7	7.5	5.3	1.1	-1.1	-0.2	-0.4	4.1	4.2	22.4
2024	-2.9	-1.6	-1.0	0.6	-0.2	2.7	-0.3	0.7	-1.7	2.4	1.2	1.2	1.1
2025	-0.3	-0.3	0.9	5.4	2.4	1.4	-1.7	–	–	–	–	–	7.8

beta_brasil_timing_long_bias

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2020	3.7	2.6	-2.0	-1.5	1.3	2.8	2.8	-2.0	-1.0	-0.9	1.4	4.1	11.3
2021	-2.2	-0.2	-0.6	0.9	1.2	-0.5	-1.5	-0.2	0.9	0.2	0.3	1.9	0.2
2022	0.4	-2.0	2.2	-1.1	-0.3	1.9	1.2	4.5	-1.0	-1.5	-1.6	1.2	3.9
2023	-1.1	-0.0	2.3	0.7	7.5	5.3	1.1	-1.1	-0.2	-0.4	4.1	4.2	22.4
2024	-2.9	-1.6	-1.0	0.6	-0.2	2.7	-0.3	0.7	-1.7	2.4	1.2	1.2	1.1
2025	-0.3	-0.3	0.9	5.4	2.4	1.4	-1.7	–	–	–	–	–	7.8

beta_brasil_timing_long_bias

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2005	0.0	0.8	-0.1	0.5	0.8	1.4	-0.6	-0.5	15.0	-5.7	1.2	7.8	20.6
2006	10.9	5.8	-3.4	-0.6	-2.0	2.3	2.6	2.8	2.1	5.7	8.4	7.9	42.5
2007	-2.1	0.8	2.1	7.5	7.4	-2.0	-1.1	-0.2	2.5	1.8	-1.3	0.3	15.7
2008	0.0	2.4	-1.6	1.6	2.3	-1.5	2.2	2.4	1.2	-0.1	2.0	10.1	21.0
2009	2.5	2.3	3.1	5.8	4.8	-1.2	3.3	2.7	2.3	0.5	3.7	2.5	32.3
2010	1.9	0.6	-0.1	-1.2	2.8	0.7	6.9	5.4	-0.9	3.2	-2.1	0.1	17.3
2011	-1.1	0.2	0.7	0.7	1.6	-1.1	-0.2	14.4	8.3	0.0	6.5	-4.3	25.7
2012	3.3	5.6	3.8	9.2	6.0	1.9	1.2	2.0	1.8	5.2	0.5	3.2	43.7
2013	-2.1	-0.2	-0.4	0.3	1.5	1.1	0.5	0.4	0.7	-0.2	-0.3	0.4	1.7
2014	0.4	0.9	0.6	0.2	4.0	1.0	0.8	4.1	-1.7	-1.2	2.4	-0.8	10.7
2015	1.7	2.1	2.6	-0.5	1.6	-1.9	1.9	0.9	2.3	0.2	-0.4	-0.0	10.5
2016	2.9	1.7	7.7	4.7	-1.6	0.5	6.6	-0.0	0.7	3.4	-2.2	0.9	25.3
2017	6.4	4.2	0.6	0.0	-10.0	0.8	5.1	3.8	3.0	-1.0	-1.0	2.2	14.1
2018	2.6	1.2	1.9	1.4	0.6	1.3	0.4	1.0	0.5	9.7	3.4	2.3	26.3
2019	5.7	-1.5	-0.4	-0.4	3.6	7.1	4.2	0.5	3.4	3.6	0.3	5.1	31.2
2020	3.7	2.6	-2.0	-1.5	1.3	2.8	2.8	-2.0	-1.0	-0.9	1.4	4.1	11.3
2021	-2.2	-0.2	-0.6	0.9	1.2	-0.5	-1.5	-0.2	0.9	0.2	0.3	1.9	0.2
2022	0.4	-2.0	2.2	-1.1	-0.3	1.9	1.2	4.5	-1.0	-1.5	-1.6	1.2	3.9
2023	-1.1	-0.0	2.3	0.7	7.5	5.3	1.1	-1.1	-0.2	-0.4	4.1	4.2	22.4
2024	-2.9	-1.6	-1.0	0.6	-0.2	2.7	-0.3	0.7	-1.7	2.4	1.2	1.2	1.1
2025	-0.3	-0.3	0.9	5.4	2.4	1.4	-1.7	–	–	–	–	–	7.8

beta_brasil_timing

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2025	-5.0	-0.2	-1.2	2.6	1.9	2.0	-1.0	–	–	–	–	–	-0.9

beta_brasil_timing

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2022	1.7	-1.2	2.6	1.7	0.4	8.9	-0.0	1.8	-3.8	-4.8	4.3	1.6	13.2
2023	-2.5	2.5	2.4	-0.0	5.6	5.6	1.2	-0.1	1.7	3.4	-0.1	4.5	24.2
2024	-3.9	-2.6	-2.4	7.5	0.9	6.3	-3.1	-0.9	1.2	4.8	6.9	9.0	23.7
2025	-5.0	-0.2	-1.2	2.6	1.9	2.0	-1.0	–	–	–	–	–	-0.9

beta_brasil_timing

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2020	2.4	4.6	3.8	-3.9	0.8	1.8	2.8	-3.3	0.1	-0.7	0.3	4.2	12.9
2021	-3.0	1.7	-1.9	-0.4	1.6	0.6	0.2	4.1	5.1	11.3	-1.2	-1.5	16.6
2022	2.6	-1.2	2.6	1.7	0.4	8.9	-0.0	1.8	-3.8	-4.8	4.3	1.6	14.1
2023	-2.5	2.5	2.4	-0.0	5.6	5.6	1.2	-0.1	1.7	3.4	-0.1	4.5	24.2
2024	-3.9	-2.6	-2.4	7.5	0.9	6.3	-3.1	-0.9	1.2	4.8	6.9	9.0	23.7
2025	-5.0	-0.2	-1.2	2.6	1.9	2.0	-1.0	–	–	–	–	–	-0.9

beta_brasil_timing

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2005	0.6	0.4	-0.2	1.3	1.5	1.6	-1.4	-1.0	15.3	-6.3	-0.8	6.2	17.2
2006	12.5	6.2	-4.4	-0.5	4.2	0.7	1.7	1.8	0.9	5.2	7.8	8.5	44.6
2007	-2.3	0.1	2.0	7.4	9.3	-2.7	1.1	6.2	1.8	4.2	2.0	3.2	32.3
2008	3.9	1.3	2.9	1.3	2.9	4.7	0.8	4.8	7.7	5.0	0.7	10.1	46.1
2009	4.3	2.4	4.0	6.8	6.7	-1.3	3.3	2.3	4.0	1.5	3.6	1.8	39.4
2010	1.0	-1.0	-0.7	1.2	1.9	-0.7	5.8	5.2	0.4	1.2	-0.2	-0.6	13.5
2011	8.5	-3.2	0.4	0.4	0.9	1.4	5.6	16.7	9.6	-1.7	5.5	-4.3	39.8
2012	2.2	5.7	1.8	8.5	13.4	-0.6	-0.6	1.0	1.6	5.3	-0.1	4.0	42.2
2013	0.1	3.2	1.6	-3.6	7.8	16.4	0.4	3.4	-1.2	-1.6	1.6	1.2	29.3
2014	7.8	-1.0	1.1	-0.2	3.4	1.1	1.6	2.3	4.0	-2.4	1.6	4.5	23.8
2015	3.8	1.4	4.1	-1.5	0.6	-0.9	1.9	9.1	6.8	-0.9	-0.3	2.2	26.3
2016	5.0	-0.9	8.2	4.3	-1.8	-1.6	6.2	-0.3	-1.5	3.7	-2.5	0.8	19.6
2017	5.7	4.1	0.1	-1.4	-15.8	0.5	5.8	3.4	2.8	-1.2	-0.4	-0.4	3.2
2018	3.2	0.5	1.1	-0.2	8.1	5.8	-3.0	6.1	0.4	8.3	2.4	0.9	33.6
2019	7.0	-2.5	-2.4	-1.9	2.7	7.4	4.1	-0.9	2.7	3.3	-0.0	5.4	24.9
2020	2.4	4.6	3.8	-3.9	0.8	1.8	2.8	-3.3	0.1	-0.7	0.3	4.2	12.9
2021	-3.0	1.7	-1.9	-0.4	1.6	0.6	0.2	4.1	5.1	11.3	-1.2	-1.5	16.6
2022	2.6	-1.2	2.6	1.7	0.4	8.9	-0.0	1.8	-3.8	-4.8	4.3	1.6	14.1
2023	-2.5	2.5	2.4	-0.0	5.6	5.6	1.2	-0.1	1.7	3.4	-0.1	4.5	24.2
2024	-3.9	-2.6	-2.4	7.5	0.9	6.3	-3.1	-0.9	1.2	4.8	6.9	9.0	23.7
2025	-5.0	-0.2	-1.2	2.6	1.9	2.0	-1.0	–	–	–	–	–	-0.9

beta_brasil_timing_lo

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2025	-0.0	-0.1	0.5	4.0	2.3	0.7	-1.2	–	–	–	–	–	6.2

beta_brasil_timing_lo

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2022	1.0	-1.1	2.5	-0.5	0.8	2.0	1.2	1.9	-2.8	-2.1	-0.6	1.2	3.5
2023	-0.5	0.7	2.1	0.9	6.2	5.5	0.6	-0.7	0.9	0.5	3.4	4.4	24.0
2024	-3.0	-1.3	-0.9	0.8	0.3	2.8	-0.7	0.1	-0.5	2.4	2.0	1.6	3.6
2025	-0.0	-0.1	0.5	4.0	2.3	0.7	-1.2	–	–	–	–	–	6.2

beta_brasil_timing_lo

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2020	3.0	3.2	-1.4	-1.5	0.8	2.1	3.0	-2.2	-0.1	-1.0	2.1	3.8	11.8
2021	-1.9	-0.5	-0.5	0.3	0.9	0.3	-1.0	0.2	0.9	1.1	0.3	0.3	0.4
2022	0.9	-1.1	2.5	-0.5	0.8	2.0	1.2	1.9	-2.8	-2.1	-0.6	1.2	3.4
2023	-0.5	0.7	2.1	0.9	6.2	5.5	0.6	-0.7	0.9	0.5	3.4	4.4	24.0
2024	-3.0	-1.3	-0.9	0.8	0.3	2.8	-0.7	0.1	-0.5	2.4	2.0	1.6	3.6
2025	-0.0	-0.1	0.5	4.0	2.3	0.7	-1.2	–	–	–	–	–	6.2

beta_brasil_timing_lo

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2005	1.1	1.1	0.6	1.4	1.5	2.2	-0.0	0.2	15.3	-4.3	-0.2	6.5	25.4
2006	11.1	6.2	-2.8	-1.8	0.0	1.6	2.7	2.6	1.8	5.2	8.1	7.9	42.6
2007	-1.9	0.8	2.0	6.8	7.3	-1.7	0.6	0.9	1.9	1.3	-0.3	0.6	18.3
2008	0.4	1.2	-1.1	0.7	3.2	-0.4	1.1	1.4	3.0	2.0	1.7	9.8	23.0
2009	2.2	1.7	3.0	6.4	4.5	-1.1	2.5	2.5	2.6	1.6	3.5	2.6	32.0
2010	1.8	0.2	-0.5	0.6	1.8	0.8	5.7	5.6	-0.4	2.2	-0.6	0.9	18.1
2011	-0.4	0.8	1.1	0.7	1.4	-0.1	0.7	13.2	6.9	-1.2	6.3	-3.8	25.6
2012	2.6	4.9	2.1	8.9	5.8	1.2	0.7	1.3	1.8	5.1	-0.3	3.6	37.7
2013	-1.6	0.3	0.8	0.6	1.9	-1.0	0.8	0.2	0.9	0.1	-0.0	1.0	4.0
2014	0.7	0.2	0.7	0.1	3.2	1.0	1.4	3.5	1.6	-0.7	1.9	0.3	13.9
2015	0.6	2.1	3.2	-0.5	1.0	-0.1	1.1	1.3	1.8	0.3	0.3	0.2	11.3
2016	1.7	1.5	7.3	3.6	-1.6	0.5	6.2	0.2	-0.1	3.4	-1.2	1.4	22.9
2017	6.0	3.9	0.6	-0.7	-9.9	0.9	4.5	3.7	2.8	-1.2	0.1	1.8	12.5
2018	2.4	1.2	1.8	0.8	2.5	1.3	-1.3	2.0	0.1	8.9	2.4	1.1	23.2
2019	6.1	-2.1	-0.2	-1.1	3.3	7.3	4.3	-0.2	2.7	3.7	0.2	5.2	29.2
2020	3.0	3.2	-1.4	-1.5	0.8	2.1	3.0	-2.2	-0.1	-1.0	2.1	3.8	11.8
2021	-1.9	-0.5	-0.5	0.3	0.9	0.3	-1.0	0.2	0.9	1.1	0.3	0.3	0.4
2022	0.9	-1.1	2.5	-0.5	0.8	2.0	1.2	1.9	-2.8	-2.1	-0.6	1.2	3.4
2023	-0.5	0.7	2.1	0.9	6.2	5.5	0.6	-0.7	0.9	0.5	3.4	4.4	24.0
2024	-3.0	-1.3	-0.9	0.8	0.3	2.8	-0.7	0.1	-0.5	2.4	2.0	1.6	3.6
2025	-0.0	-0.1	0.5	4.0	2.3	0.7	-1.2	–	–	–	–	–	6.2

beta_brasil_timing_so

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2025	-4.0	1.0	-0.8	-0.3	0.8	2.4	1.4	–	–	–	–	–	0.5

beta_brasil_timing_so

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2022	1.4	0.7	1.0	3.1	0.7	7.9	-0.2	1.0	0.1	-1.7	6.1	1.5	21.6
2023	-0.9	2.7	1.5	-0.1	0.6	1.2	1.7	1.7	1.7	3.9	-2.6	1.0	12.4
2024	0.1	-0.6	-0.7	7.6	1.4	4.2	-1.6	-0.1	2.6	3.3	5.7	8.4	30.3
2025	-4.0	1.0	-0.8	-0.3	0.8	2.4	1.4	–	–	–	–	–	0.5

beta_brasil_timing_so

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2020	-0.3	1.7	5.6	-2.1	0.2	-0.1	-0.1	-1.0	0.4	0.5	-1.6	0.5	3.7
2021	-1.0	2.3	-1.2	-0.5	0.9	0.5	1.5	4.4	4.6	10.7	-0.9	-1.0	20.3
2022	2.4	0.7	1.0	3.1	0.7	7.9	-0.2	1.0	0.1	-1.7	6.1	1.5	22.6
2023	-0.9	2.7	1.5	-0.1	0.6	1.2	1.7	1.7	1.7	3.9	-2.6	1.0	12.4
2024	0.1	-0.6	-0.7	7.6	1.4	4.2	-1.6	-0.1	2.6	3.3	5.7	8.4	30.3
2025	-4.0	1.0	-0.8	-0.3	0.8	2.4	1.4	–	–	–	–	–	0.5

beta_brasil_timing_so

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2005	0.9	0.4	0.7	1.3	1.5	0.9	0.1	0.5	1.5	-0.8	0.8	1.2	9.0
2006	2.7	1.1	-0.2	2.4	5.6	0.3	0.2	0.5	0.1	1.1	0.7	1.6	16.1
2007	0.7	0.2	1.0	1.5	2.9	-0.1	1.4	6.4	0.7	3.7	3.1	3.4	24.9
2008	4.5	0.8	4.9	1.5	0.5	6.1	0.8	4.4	5.8	4.3	0.1	1.4	35.1
2009	3.0	1.5	2.0	1.2	2.9	0.5	1.6	0.5	2.0	0.6	0.8	-0.1	16.5
2010	-0.1	-0.6	0.5	1.3	0.9	-0.7	0.9	0.5	1.6	-0.1	1.3	-0.5	5.0
2011	9.9	-3.2	0.3	0.5	0.5	2.4	5.8	4.3	3.6	0.4	0.1	0.4	25.0
2012	0.5	1.5	0.4	0.3	7.9	-1.2	-0.6	0.4	0.3	0.8	0.8	0.9	12.0
2013	2.3	3.4	1.4	-3.5	6.5	18.3	0.3	3.9	-1.4	-0.9	2.4	1.0	33.7
2014	8.0	-0.4	1.2	0.5	1.0	0.9	1.2	-0.3	3.3	-0.8	0.6	5.3	20.5
2015	4.2	0.1	1.9	-0.1	0.6	0.3	2.0	8.8	6.2	-0.1	0.4	3.2	27.5
2016	4.4	-1.4	2.0	1.7	0.9	-0.9	1.1	0.8	-0.3	1.3	-0.3	0.5	9.8
2017	0.8	1.1	0.6	0.0	-5.3	0.4	2.0	0.5	0.6	0.6	0.0	-1.7	-0.4
2018	1.4	-0.3	-0.2	-0.4	6.0	5.1	-1.2	4.7	0.8	0.0	0.5	0.3	16.7
2019	1.4	0.1	-1.7	-0.2	-0.1	0.6	0.4	-0.2	0.4	0.1	0.1	0.5	1.4
2020	-0.3	1.7	5.6	-2.1	0.2	-0.1	-0.1	-1.0	0.4	0.5	-1.6	0.5	3.7
2021	-1.0	2.3	-1.2	-0.5	0.9	0.5	1.5	4.4	4.6	10.7	-0.9	-1.0	20.3
2022	2.4	0.7	1.0	3.1	0.7	7.9	-0.2	1.0	0.1	-1.7	6.1	1.5	22.6
2023	-0.9	2.7	1.5	-0.1	0.6	1.2	1.7	1.7	1.7	3.9	-2.6	1.0	12.4
2024	0.1	-0.6	-0.7	7.6	1.4	4.2	-1.6	-0.1	2.6	3.3	5.7	8.4	30.3
2025	-4.0	1.0	-0.8	-0.3	0.8	2.4	1.4	–	–	–	–	–	0.5

portfolio_name:
- alfa

risk_target:
- ls: 0.75
- beta_brasil: 0.25

allocation method:
- vol

running allocation...

clusters_weights_resampled

	ls	beta_brasil_timing
2006-12-28	1.067199	0.233592
2007-01-25	1.128210	0.239233
2007-02-22	1.135045	0.243439
2007-03-29	1.127801	0.247741
2007-04-26	1.137801	0.253548
...	...	...
2025-03-27	1.032222	0.256184
2025-04-24	1.039299	0.260788
2025-05-29	1.044766	0.271262
2025-06-26	1.067139	0.278876
2025-07-31	1.071320	0.281087

224 rows × 2 columns

clusters_weights

	ls	beta_brasil_timing	cdi
date
2006-12-28	1.067199	0.233592	-0.300791
2006-12-29	1.067089	0.233671	-0.300760
2007-01-01	1.067089	0.233671	-0.300760
2007-01-02	1.068669	0.228361	-0.297030
2007-01-03	1.069612	0.228170	-0.297783
...	...	...	...
2025-07-25	1.065564	0.280257	-0.345821
2025-07-28	1.062793	0.280288	-0.343081
2025-07-29	1.062549	0.278623	-0.341171
2025-07-30	1.065134	0.273856	-0.338990
2025-07-31	1.071320	0.281087	-0.352406

4851 rows × 3 columns

clusters_weights (pack_only)

	usdbrlfut	dif3yfut	ls new	smal11_excdi	cdi
date
2006-12-28	-0.057637	0.379073	1.067199	0.158242	-0.067199
2006-12-29	-0.080186	0.379069	1.067089	0.158240	-0.067089
2007-01-01	-0.080262	0.379072	1.067089	0.158240	-0.067089
2007-01-02	-0.079267	0.376127	1.068669	0.129677	-0.068669
2007-01-03	-0.049468	0.376774	1.069612	0.050221	-0.069612
...	...	...	...	...	...
2025-07-25	-0.056052	0.010778	1.065564	-0.106879	-0.065564
2025-07-28	-0.034810	0.018115	1.062793	-0.106658	-0.062793
2025-07-29	-0.008636	0.352415	1.062549	-0.106509	-0.062549
2025-07-30	-0.014378	0.332189	1.065134	-0.104594	-0.065134
2025-07-31	-0.021223	0.343711	1.071320	-0.101392	-0.071320

4851 rows × 5 columns

securities_weights

	neoe3	netc4	rpmg3	aces4	suzb3	ifcm3	gshp3	mils3	cruz3	krot11	...	tnep4	arcz6	motv3	dasa3	ogxp3	brpr3	abre11	mplu3	mags5	cdi
date
2006-12-28	0.000000	-0.023618	0.0	0.040281	0.000000	0.0	0.0	0.000000	-0.019590	0.0	...	0.0	0.028716	0.067526	-0.062679	0.0	0.0	0.0	0.0	0.0	0.452214
2006-12-29	0.000000	-0.023616	0.0	0.040277	0.000000	0.0	0.0	0.000000	-0.019588	0.0	...	0.0	0.028713	0.067519	-0.062673	0.0	0.0	0.0	0.0	0.0	0.452270
2007-01-01	0.000000	-0.023616	0.0	0.040277	0.000000	0.0	0.0	0.000000	-0.019588	0.0	...	0.0	0.028713	0.067519	-0.062673	0.0	0.0	0.0	0.0	0.0	0.452270
2007-01-02	0.000000	-0.040188	0.0	0.065969	0.000000	0.0	0.0	0.000000	-0.006626	0.0	...	0.0	0.000543	0.078360	-0.072453	0.0	0.0	0.0	0.0	0.0	0.623552
2007-01-03	0.000000	-0.039559	0.0	0.064080	0.000000	0.0	0.0	0.000000	-0.006759	0.0	...	0.0	0.000535	0.078160	-0.072791	0.0	0.0	0.0	0.0	0.0	0.624650
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
2025-07-25	0.029330	0.000000	0.0	0.000000	-0.009311	0.0	0.0	-0.008425	0.000000	0.0	...	0.0	0.000000	-0.018224	0.000000	0.0	0.0	0.0	0.0	0.0	1.113409
2025-07-28	0.028728	0.000000	0.0	0.000000	-0.009163	0.0	0.0	-0.008236	0.000000	0.0	...	0.0	0.000000	-0.017932	0.000000	0.0	0.0	0.0	0.0	0.0	1.107373
2025-07-29	0.029562	0.000000	0.0	0.000000	-0.009059	0.0	0.0	-0.008497	0.000000	0.0	...	0.0	0.000000	-0.017903	0.000000	0.0	0.0	0.0	0.0	0.0	1.101638
2025-07-30	0.030210	0.000000	0.0	0.000000	-0.009095	0.0	0.0	-0.008485	0.000000	0.0	...	0.0	0.000000	-0.017861	0.000000	0.0	0.0	0.0	0.0	0.0	1.091889
2025-07-31	0.030385	0.000000	0.0	0.000000	-0.009148	0.0	0.0	-0.008534	0.000000	0.0	...	0.0	0.000000	-0.017965	0.000000	0.0	0.0	0.0	0.0	0.0	1.092423

4851 rows × 369 columns

cota_gross

date
2006-12-28      1.000000
2006-12-29      0.999955
2007-01-01      0.999955
2007-01-02      1.012364
2007-01-03      1.009658
                 ...    
2025-07-25    605.404646
2025-07-28    610.124840
2025-07-29    613.423850
2025-07-30    617.256117
2025-07-31    617.194597
Length: 4851, dtype: float64

cota_net

date
2006-12-28      1.000000
2006-12-29      0.999955
2007-01-01      0.999955
2007-01-02      1.012363
2007-01-03      1.009657
                 ...    
2025-07-25    604.626086
2025-07-28    609.340213
2025-07-29    612.635134
2025-07-30    616.461875
2025-07-31    616.400554
Length: 4851, dtype: float64

running sizing...

clusters_weights_resampled_sized

	ls	beta_brasil_timing	cdi
2006-12-28	NaN	NaN	NaN
2007-01-25	0.112821	0.023923	-0.036744
2007-01-26	1.128523	0.234420	-0.362943
2007-02-22	1.135045	0.243439	-0.378484
2007-03-29	1.127801	0.247741	-0.375542
...	...	...	...
2025-03-27	1.032222	0.256184	-0.288406
2025-04-24	1.039299	0.260788	-0.300087
2025-05-29	1.044766	0.271262	-0.316029
2025-06-26	1.067139	0.278876	-0.346015
2025-07-31	1.071320	0.281087	-0.352406

291 rows × 3 columns

clusters_weights_sized

	ls	beta_brasil_timing	cdi
date
2006-12-28	NaN	NaN	1.000000
2006-12-29	NaN	NaN	1.000000
2007-01-01	NaN	NaN	1.000000
2007-01-02	NaN	NaN	1.000000
2007-01-03	NaN	NaN	1.000000
...	...	...	...
2025-07-25	1.069872	0.281390	-0.351261
2025-07-28	1.067260	0.281466	-0.348726
2025-07-29	1.067194	0.279841	-0.347034
2025-07-30	1.069963	0.275098	-0.345061
2025-07-31	1.071320	0.281087	-0.352406

4851 rows × 3 columns

clusters_weights_sized (pack_only)

	usdbrlfut	dif3yfut	ls new	smal11_excdi	cdi
date
2006-12-28	0.000000	0.000000	0.000000	0.000000	1.000000
2006-12-29	0.000000	0.000000	0.000000	0.000000	1.000000
2007-01-01	0.000000	0.000000	0.000000	0.000000	1.000000
2007-01-02	0.000000	0.000000	0.000000	0.000000	1.000000
2007-01-03	0.000000	0.000000	0.000000	0.000000	1.000000
...	...	...	...	...	...
2025-07-25	-0.056279	0.010822	1.069872	-0.107311	-0.069872
2025-07-28	-0.034956	0.018191	1.067260	-0.107106	-0.067260
2025-07-29	-0.008673	0.353956	1.067194	-0.106975	-0.067194
2025-07-30	-0.014443	0.333695	1.069963	-0.105068	-0.069963
2025-07-31	-0.021223	0.343711	1.071320	-0.101392	-0.071320

4851 rows × 5 columns

securities_weights

	neoe3	netc4	rpmg3	aces4	suzb3	ifcm3	gshp3	mils3	cruz3	krot11	...	tnep4	arcz6	motv3	dasa3	ogxp3	brpr3	abre11	mplu3	mags5	cdi
date
2006-12-28	0.000000	0.0	0.0	0.0	0.000000	0.0	0.0	0.000000	0.0	0.0	...	0.0	0.0	0.000000	0.0	0.0	0.0	0.0	0.0	0.0	1.000000
2006-12-29	0.000000	0.0	0.0	0.0	0.000000	0.0	0.0	0.000000	0.0	0.0	...	0.0	0.0	0.000000	0.0	0.0	0.0	0.0	0.0	0.0	1.000000
2007-01-01	0.000000	0.0	0.0	0.0	0.000000	0.0	0.0	0.000000	0.0	0.0	...	0.0	0.0	0.000000	0.0	0.0	0.0	0.0	0.0	0.0	1.000000
2007-01-02	0.000000	0.0	0.0	0.0	0.000000	0.0	0.0	0.000000	0.0	0.0	...	0.0	0.0	0.000000	0.0	0.0	0.0	0.0	0.0	0.0	1.000000
2007-01-03	0.000000	0.0	0.0	0.0	0.000000	0.0	0.0	0.000000	0.0	0.0	...	0.0	0.0	0.000000	0.0	0.0	0.0	0.0	0.0	0.0	1.000000
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
2025-07-25	0.029449	0.0	0.0	0.0	-0.009349	0.0	0.0	-0.008459	0.0	0.0	...	0.0	0.0	-0.018297	0.0	0.0	0.0	0.0	0.0	0.0	1.113867
2025-07-28	0.028849	0.0	0.0	0.0	-0.009201	0.0	0.0	-0.008271	0.0	0.0	...	0.0	0.0	-0.018007	0.0	0.0	0.0	0.0	0.0	0.0	1.107824
2025-07-29	0.029692	0.0	0.0	0.0	-0.009098	0.0	0.0	-0.008534	0.0	0.0	...	0.0	0.0	-0.017981	0.0	0.0	0.0	0.0	0.0	0.0	1.102083
2025-07-30	0.030347	0.0	0.0	0.0	-0.009136	0.0	0.0	-0.008523	0.0	0.0	...	0.0	0.0	-0.017942	0.0	0.0	0.0	0.0	0.0	0.0	1.092306
2025-07-31	0.030385	0.0	0.0	0.0	-0.009148	0.0	0.0	-0.008534	0.0	0.0	...	0.0	0.0	-0.017965	0.0	0.0	0.0	0.0	0.0	0.0	1.092423

4851 rows × 369 columns

cota_gross_sized

date
2006-12-28      1.000000
2006-12-29      1.000491
2007-01-01      1.000491
2007-01-02      1.000983
2007-01-03      1.001474
                 ...    
2025-07-25    500.428777
2025-07-28    504.345156
2025-07-29    507.082496
2025-07-30    510.263039
2025-07-31    510.211952
Length: 4851, dtype: float64

cota_net_sized

date
2006-12-28      1.000000
2006-12-29      1.000491
2007-01-01      1.000491
2007-01-02      1.000983
2007-01-03      1.001474
                 ...    
2025-07-25    499.099473
2025-07-28    503.005454
2025-07-29    505.735652
2025-07-30    508.907255
2025-07-31    508.856386
Length: 4851, dtype: float64

portfolio_name:
- beta_global

risk_target:
- equity_av: 1
- ust10yfut_av: 1
- xaufut_av: 1
- btcfut_av: 1

allocation method:
- vol

running allocation...

clusters_weights_resampled

	equity_av	ust10yfut_av	xaufut_av	btcfut_av
2014-12-25	0.506686	0.629430	0.639895	0.833328
2015-01-29	0.527118	0.627605	0.618857	0.743848
2015-02-26	0.525522	0.600916	0.596878	0.844806
2015-03-26	0.508947	0.584722	0.593216	0.830439
2015-04-30	0.500100	0.566053	0.563572	0.866679
...	...	...	...	...
2025-03-27	0.431620	0.518522	0.439492	0.470887
2025-04-24	0.412619	0.514219	0.426746	0.466298
2025-05-29	0.431362	0.532578	0.451067	0.498560
2025-06-26	0.442315	0.558384	0.471222	0.512551
2025-07-31	0.453624	0.569396	0.477226	0.533014

128 rows × 4 columns

clusters_weights

	equity_av	ust10yfut_av	xaufut_av	btcfut_av	cdi
date
2014-12-25	0.506686	0.629430	0.639895	0.833328	-1.609339
2014-12-26	0.501802	0.622729	0.639342	0.827191	-1.591063
2014-12-29	0.503846	0.625184	0.635641	0.821225	-1.585895
2014-12-30	0.499622	0.623559	0.637047	0.815445	-1.575673
2014-12-31	0.500363	0.626420	0.634307	0.821131	-1.582220
...	...	...	...	...	...
2025-07-25	0.429178	0.543866	0.470306	0.519799	-0.963149
2025-07-28	0.430019	0.546335	0.471618	0.522344	-0.970317
2025-07-29	0.427893	0.545714	0.468663	0.517455	-0.959725
2025-07-30	0.432926	0.545453	0.465345	0.520429	-0.964154
2025-07-31	0.453624	0.569396	0.477226	0.533014	-1.033261

2766 rows × 5 columns

clusters_weights (pack_only)

	xauusd_brl_hedged	spx_brl_hedged	btcusd_brl_hedged	ust10y	lo_timing new	cdi
date
2014-12-25	0.293561	0.134281	0.086344	1.433161	0.163185	-1.110532
2014-12-26	0.293588	0.134615	0.085707	1.418121	0.170839	-1.102870
2014-12-29	0.308750	0.138566	0.085082	1.451514	0.172202	-1.156113
2014-12-30	0.405383	0.137056	0.084992	1.410379	0.171430	-1.209240
2014-12-31	0.397899	0.136522	0.085642	1.482373	0.171908	-1.274344
...	...	...	...	...	...	...
2025-07-25	0.355453	0.241967	0.125009	0.947179	0.171923	-0.841531
2025-07-28	0.356164	0.243950	0.125589	0.951460	0.171561	-0.848725
2025-07-29	0.353834	0.241640	0.124505	0.950413	0.170323	-0.840715
2025-07-30	0.351376	0.243505	0.125223	0.952250	0.173150	-0.845504
2025-07-31	0.359692	0.256654	0.128259	0.993736	0.212550	-0.950891

2766 rows × 6 columns

securities_weights

	neoe3	netc4	rpmg3	aces4	suzb3	ifcm3	gshp3	mils3	cruz3	krot11	...	tnep4	arcz6	motv3	dasa3	ogxp3	brpr3	abre11	mplu3	mags5	cdi
date
2014-12-25	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	...	0.0	0.0	0.0	0.0	0.0	0.005726	0.0	0.0	0.0	-1.110532
2014-12-26	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	...	0.0	0.0	0.0	0.0	0.0	0.005892	0.0	0.0	0.0	-1.102870
2014-12-29	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	...	0.0	0.0	0.0	0.0	0.0	0.005899	0.0	0.0	0.0	-1.156113
2014-12-30	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	...	0.0	0.0	0.0	0.0	0.0	0.005845	0.0	0.0	0.0	-1.209240
2014-12-31	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	...	0.0	0.0	0.0	0.0	0.0	0.005861	0.0	0.0	0.0	-1.274344
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
2025-07-25	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	...	0.0	0.0	0.0	0.0	0.0	0.000000	0.0	0.0	0.0	-0.841531
2025-07-28	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	...	0.0	0.0	0.0	0.0	0.0	0.000000	0.0	0.0	0.0	-0.848725
2025-07-29	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	...	0.0	0.0	0.0	0.0	0.0	0.000000	0.0	0.0	0.0	-0.840715
2025-07-30	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	...	0.0	0.0	0.0	0.0	0.0	0.000000	0.0	0.0	0.0	-0.845504
2025-07-31	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	...	0.0	0.0	0.0	0.0	0.0	0.000000	0.0	0.0	0.0	-0.950891

2766 rows × 370 columns

cota_gross

date
2014-12-25    1.000000
2014-12-26    1.010787
2014-12-29    1.013382
2014-12-30    1.019257
2014-12-31    1.014341
                ...   
2025-07-25    9.939493
2025-07-28    9.860793
2025-07-29    9.964337
2025-07-30    9.913301
2025-07-31    9.913311
Length: 2766, dtype: float64

cota_net

date
2014-12-25    1.000000
2014-12-26    1.010786
2014-12-29    1.013382
2014-12-30    1.019256
2014-12-31    1.014339
                ...   
2025-07-25    9.916769
2025-07-28    9.838244
2025-07-29    9.941540
2025-07-30    9.890610
2025-07-31    9.890568
Length: 2766, dtype: float64

running sizing...

clusters_weights_resampled_sized

	equity_av	ust10yfut_av	xaufut_av	btcfut_av	cdi
2014-12-25	NaN	NaN	NaN	NaN	NaN
2015-01-22	0.047420	0.062130	0.063803	0.075734	-0.149088
2015-01-23	0.470240	0.626793	0.632546	0.756619	-1.486197
2015-01-29	0.527118	0.627605	0.618857	0.743848	-1.517428
2015-02-26	0.525522	0.600916	0.596878	0.844806	-1.568121
...	...	...	...	...	...
2025-03-27	0.431620	0.518522	0.439492	0.470887	-0.860521
2025-04-24	0.412619	0.514219	0.426746	0.466298	-0.819883
2025-05-29	0.431362	0.532578	0.451067	0.498560	-0.913567
2025-06-26	0.442315	0.558384	0.471222	0.512551	-0.984472
2025-07-31	0.453624	0.569396	0.477226	0.533014	-1.033261

141 rows × 5 columns

clusters_weights_sized

	equity_av	ust10yfut_av	xaufut_av	btcfut_av	cdi
date
2014-12-25	NaN	NaN	NaN	NaN	1.000000
2014-12-26	NaN	NaN	NaN	NaN	1.000000
2014-12-29	NaN	NaN	NaN	NaN	1.000000
2014-12-30	NaN	NaN	NaN	NaN	1.000000
2014-12-31	NaN	NaN	NaN	NaN	1.000000
...	...	...	...	...	...
2025-07-25	0.434045	0.550033	0.475639	0.525693	-0.985410
2025-07-28	0.435170	0.552880	0.477267	0.528602	-0.993919
2025-07-29	0.433197	0.552478	0.474473	0.523869	-0.984017
2025-07-30	0.438556	0.552547	0.471397	0.527197	-0.989698
2025-07-31	0.453624	0.569396	0.477226	0.533014	-1.033261

2766 rows × 5 columns

clusters_weights_sized (pack_only)

	xauusd_brl_hedged	spx_brl_hedged	btcusd_brl_hedged	ust10y	lo_timing new	cdi
date
2014-12-25	0.000000	0.000000	0.000000	0.000000	0.000000	1.000000
2014-12-26	0.000000	0.000000	0.000000	0.000000	0.000000	1.000000
2014-12-29	0.000000	0.000000	0.000000	0.000000	0.000000	1.000000
2014-12-30	0.000000	0.000000	0.000000	0.000000	0.000000	1.000000
2014-12-31	0.000000	0.000000	0.000000	0.000000	0.000000	1.000000
...	...	...	...	...	...	...
2025-07-25	0.359484	0.244711	0.126427	0.957920	0.173872	-0.862413
2025-07-28	0.360431	0.246872	0.127094	0.962858	0.173616	-0.870871
2025-07-29	0.358220	0.244635	0.126048	0.962194	0.172434	-0.863531
2025-07-30	0.355946	0.246672	0.126851	0.964634	0.175402	-0.869505
2025-07-31	0.359692	0.256654	0.128259	0.993736	0.212550	-0.950891

2766 rows × 6 columns

securities_weights

	neoe3	netc4	rpmg3	aces4	suzb3	ifcm3	gshp3	mils3	cruz3	krot11	...	tnep4	arcz6	motv3	dasa3	ogxp3	brpr3	abre11	mplu3	mags5	cdi
date
2014-12-25	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	...	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.000000
2014-12-26	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	...	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.000000
2014-12-29	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	...	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.000000
2014-12-30	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	...	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.000000
2014-12-31	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	...	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.000000
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
2025-07-25	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	...	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-0.862413
2025-07-28	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	...	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-0.870871
2025-07-29	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	...	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-0.863531
2025-07-30	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	...	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-0.869505
2025-07-31	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	...	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-0.950891

2766 rows × 370 columns

cota_gross_sized

date
2014-12-25    1.000000
2014-12-26    1.000435
2014-12-29    1.000869
2014-12-30    1.001305
2014-12-31    1.001740
                ...   
2025-07-25    9.200823
2025-07-28    9.127088
2025-07-29    9.224015
2025-07-30    9.176123
2025-07-31    9.176132
Length: 2766, dtype: float64

cota_net_sized

date
2014-12-25    1.000000
2014-12-26    1.000435
2014-12-29    1.000869
2014-12-30    1.001305
2014-12-31    1.001740
                ...   
2025-07-25    9.171400
2025-07-28    9.097894
2025-07-29    9.194502
2025-07-30    9.146753
2025-07-31    9.146737
Length: 2766, dtype: float64

{% raw %}{% endraw %}

YTD 3Y 5Y Max {% raw %}{% endraw %}

beta_global

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2025	5.4	0.1	2.7	4.0	3.3	3.7	-0.2	–	–	–	–	–	19.0

beta_global

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2022	-3.1	1.2	1.9	-4.9	-1.6	-8.0	5.3	-2.9	-4.5	1.7	3.0	0.2	-11.7
2023	7.8	-3.8	6.5	2.3	0.4	2.1	1.5	-2.2	-3.3	2.2	7.6	6.2	27.3
2024	-0.4	4.4	7.3	-4.6	3.3	0.8	5.2	1.8	4.4	-0.0	3.1	-3.0	22.3
2025	5.5	0.1	2.7	4.0	3.3	3.7	-0.2	–	–	–	–	–	19.1

beta_global

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2020	8.2	0.3	-1.5	4.1	2.6	3.1	8.2	0.6	-3.6	0.4	5.1	7.9	35.4
2021	-0.7	-2.2	1.1	4.0	0.3	-0.2	4.7	0.9	-3.4	3.0	-0.2	2.1	9.4
2022	-4.5	1.2	1.9	-4.9	-1.6	-8.0	5.3	-2.9	-4.5	1.7	3.0	0.2	-13.1
2023	7.8	-3.8	6.5	2.3	0.4	2.1	1.5	-2.2	-3.3	2.2	7.6	6.2	27.3
2024	-0.4	4.4	7.3	-4.6	3.3	0.8	5.2	1.8	4.4	-0.0	3.1	-3.0	22.3
2025	5.5	0.1	2.7	4.0	3.3	3.7	-0.2	–	–	–	–	–	19.1

beta_global

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2015	6.0	-0.7	1.6	0.4	1.3	-0.0	0.9	-3.0	1.8	5.5	-0.5	0.9	14.2
2016	2.8	8.9	2.5	3.9	-0.4	11.7	4.4	-2.6	1.9	0.5	-6.8	5.2	32.0
2017	5.4	8.7	-1.6	5.7	10.1	0.6	4.9	7.3	-0.9	2.8	3.1	6.4	52.5
2018	0.2	-3.6	-2.2	0.3	-1.7	-3.1	2.0	0.8	-2.5	-0.9	-0.1	5.8	-5.0
2019	6.2	0.9	3.6	3.9	8.2	12.8	0.0	7.1	-3.7	2.5	-1.0	4.6	45.1
2020	8.2	0.3	-1.5	4.1	2.6	3.1	8.2	0.6	-3.6	0.4	5.1	7.9	35.4
2021	-0.7	-2.2	1.1	4.0	0.3	-0.2	4.7	0.9	-3.4	3.0	-0.2	2.1	9.4
2022	-4.5	1.2	1.9	-4.9	-1.6	-8.0	5.3	-2.9	-4.5	1.7	3.0	0.2	-13.1
2023	7.8	-3.8	6.5	2.3	0.4	2.1	1.5	-2.2	-3.3	2.2	7.6	6.2	27.3
2024	-0.4	4.4	7.3	-4.6	3.3	0.8	5.2	1.8	4.4	-0.0	3.1	-3.0	22.3
2025	5.5	0.1	2.7	4.0	3.3	3.7	-0.2	–	–	–	–	–	19.1

beta_global_sized

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2025	5.4	0.1	2.7	4.0	3.3	3.7	-0.2	–	–	–	–	–	19.0

beta_global_sized

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2022	-3.2	1.2	1.9	-4.9	-1.6	-8.6	4.9	-2.9	-4.6	1.8	3.0	0.2	-12.8
2023	7.8	-3.8	6.5	2.3	0.4	2.1	1.5	-2.2	-3.3	2.2	7.7	6.2	27.4
2024	-0.5	4.4	7.3	-4.6	3.3	0.8	5.2	1.8	4.4	-0.0	3.1	-3.0	22.2
2025	5.6	0.1	2.7	4.0	3.3	3.7	-0.2	–	–	–	–	–	19.2

beta_global_sized

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2020	8.2	0.3	-1.3	4.1	2.6	3.1	8.2	0.4	-3.6	0.4	5.1	7.9	35.4
2021	-0.7	-2.2	1.1	4.0	0.3	-0.2	4.7	0.9	-3.4	3.0	-0.2	2.2	9.5
2022	-4.6	1.2	1.9	-4.9	-1.6	-8.6	4.9	-2.9	-4.6	1.8	3.0	0.2	-14.2
2023	7.8	-3.8	6.5	2.3	0.4	2.1	1.5	-2.2	-3.3	2.2	7.7	6.2	27.4
2024	-0.5	4.4	7.3	-4.6	3.3	0.8	5.2	1.8	4.4	-0.0	3.1	-3.0	22.2
2025	5.6	0.1	2.7	4.0	3.3	3.7	-0.2	–	–	–	–	–	19.2

beta_global_sized

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2015	1.3	-0.7	1.6	0.4	1.3	-0.0	0.9	-3.0	1.8	5.6	-0.5	0.9	9.6
2016	2.8	9.0	2.5	3.9	-0.5	10.2	4.4	-2.6	1.9	0.5	-6.8	5.3	30.6
2017	5.4	8.7	-1.6	5.7	10.1	0.6	4.9	7.3	-0.9	2.8	3.1	6.4	52.5
2018	0.2	-3.6	-2.2	0.3	-1.7	-3.1	2.0	0.8	-2.5	-0.9	-0.1	5.8	-5.0
2019	6.2	0.9	3.6	3.9	8.2	12.8	0.0	7.1	-3.7	2.5	-1.0	4.7	45.2
2020	8.3	0.3	-1.3	4.1	2.6	3.1	8.2	0.4	-3.6	0.4	5.1	7.9	35.5
2021	-0.7	-2.2	1.1	4.0	0.3	-0.2	4.7	0.9	-3.4	3.0	-0.2	2.2	9.5
2022	-4.6	1.2	1.9	-4.9	-1.6	-8.6	4.9	-2.9	-4.6	1.8	3.0	0.2	-14.2
2023	7.8	-3.8	6.5	2.3	0.4	2.1	1.5	-2.2	-3.3	2.2	7.7	6.2	27.4
2024	-0.5	4.4	7.3	-4.6	3.3	0.8	5.2	1.8	4.4	-0.0	3.1	-3.0	22.2
2025	5.6	0.1	2.7	4.0	3.3	3.7	-0.2	–	–	–	–	–	19.2

{% raw %}{% endraw %}

YTD 3Y 5Y Max {% raw %}{% endraw %}

alfa

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2025	-0.4	1.0	0.0	-0.0	2.5	5.4	-0.3	–	–	–	–	–	8.2

alfa

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2022	0.2	2.8	3.3	4.1	4.5	1.5	0.1	0.3	-2.2	1.7	5.6	1.9	23.8
2023	1.6	3.0	-2.5	-0.9	-0.7	8.2	-2.3	6.0	6.1	4.8	2.2	3.8	29.3
2024	2.9	-2.5	0.1	3.9	-0.7	6.6	0.3	10.5	2.4	2.6	6.3	3.0	35.4
2025	-0.4	1.0	0.0	-0.0	2.5	5.4	-0.3	–	–	–	–	–	8.2

alfa

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2020	5.9	6.4	6.4	-1.2	0.5	0.0	2.0	-3.8	-1.5	-0.0	0.4	4.8	19.9
2021	-0.9	4.4	1.2	6.3	0.4	-1.7	3.1	7.6	6.5	7.7	-1.2	4.7	38.1
2022	0.2	2.8	3.3	4.1	4.5	1.5	0.1	0.3	-2.2	1.7	5.6	1.9	23.8
2023	1.6	3.0	-2.5	-0.9	-0.7	8.2	-2.3	6.0	6.1	4.8	2.2	3.8	29.3
2024	2.9	-2.5	0.1	3.9	-0.7	6.6	0.3	10.5	2.4	2.6	6.3	3.0	35.4
2025	-0.4	1.0	0.0	-0.0	2.5	5.4	-0.3	–	–	–	–	–	8.2

alfa

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2015	10.1	5.8	3.2	-3.0	0.7	3.6	5.3	6.4	2.4	-4.3	0.1	3.6	33.9
2016	4.6	-0.6	-1.5	2.9	-0.6	-1.3	3.4	2.8	-2.0	5.2	0.5	3.3	16.7
2017	5.1	9.1	-2.0	2.2	-2.1	-0.4	2.4	-1.0	2.8	3.2	2.9	2.3	24.5
2018	-0.9	10.1	3.5	0.7	8.6	7.6	0.3	6.7	-0.1	-3.8	1.4	3.7	37.8
2019	3.1	3.0	0.1	1.5	8.9	0.0	2.2	1.7	-3.3	5.7	7.4	6.4	36.7
2020	5.9	6.4	6.4	-1.2	0.5	0.0	2.0	-3.8	-1.5	-0.0	0.4	4.8	19.9
2021	-0.9	4.4	1.2	6.3	0.4	-1.7	3.1	7.6	6.5	7.7	-1.2	4.7	38.1
2022	0.2	2.8	3.3	4.1	4.5	1.5	0.1	0.3	-2.2	1.7	5.6	1.9	23.8
2023	1.6	3.0	-2.5	-0.9	-0.7	8.2	-2.3	6.0	6.1	4.8	2.2	3.8	29.3
2024	2.9	-2.5	0.1	3.9	-0.7	6.6	0.3	10.5	2.4	2.6	6.3	3.0	35.4
2025	-0.4	1.0	0.0	-0.0	2.5	5.4	-0.3	–	–	–	–	–	8.2

alfa_sized

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2025	-0.4	1.0	0.0	-0.0	2.5	5.4	-0.3	–	–	–	–	–	8.2

alfa_sized

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2022	0.2	2.7	3.3	4.1	4.5	1.5	-0.3	0.3	-2.3	1.7	5.6	1.9	23.2
2023	1.6	3.1	-2.1	-0.9	-0.7	8.2	-2.3	6.0	6.1	4.8	2.2	3.8	29.8
2024	2.9	-2.6	0.1	2.0	-1.6	6.6	0.3	6.3	2.4	2.6	6.4	2.9	28.3
2025	-0.4	1.0	0.0	-0.0	2.5	5.4	-0.3	–	–	–	–	–	8.2

alfa_sized

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2020	5.9	6.4	8.5	-0.7	0.5	0.0	2.0	-3.8	-1.5	-0.0	0.4	4.8	22.5
2021	-0.9	4.4	1.2	6.3	0.4	-1.7	3.1	7.6	6.5	5.8	-0.8	4.7	36.6
2022	0.2	2.7	3.3	4.1	4.5	1.5	-0.3	0.3	-2.3	1.7	5.6	1.9	23.2
2023	1.6	3.1	-2.1	-0.9	-0.7	8.2	-2.3	6.0	6.1	4.8	2.2	3.8	29.8
2024	2.9	-2.6	0.1	2.0	-1.6	6.6	0.3	6.3	2.4	2.6	6.4	2.9	28.3
2025	-0.4	1.0	0.0	-0.0	2.5	5.4	-0.3	–	–	–	–	–	8.2

alfa_sized

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2015	10.1	5.9	3.2	-3.0	0.7	3.6	5.3	6.4	2.4	-4.4	0.1	3.6	33.9
2016	4.6	-0.6	-1.5	2.9	-0.6	-1.3	3.4	2.8	-2.0	5.2	0.5	3.3	16.7
2017	5.1	9.1	-2.0	2.2	-2.1	-0.4	2.4	-1.0	2.8	3.2	2.9	2.3	24.5
2018	-0.9	10.1	3.5	0.7	8.7	3.6	0.3	6.7	-0.1	-3.8	1.4	3.7	33.9
2019	3.1	3.0	0.1	1.5	8.9	0.0	2.2	1.7	-3.6	5.7	7.4	6.4	36.4
2020	5.9	6.4	8.5	-0.7	0.5	0.0	2.0	-3.8	-1.5	-0.0	0.4	4.8	22.5
2021	-0.9	4.4	1.2	6.3	0.4	-1.7	3.1	7.6	6.5	5.8	-0.8	4.7	36.6
2022	0.2	2.7	3.3	4.1	4.5	1.5	-0.3	0.3	-2.3	1.7	5.6	1.9	23.2
2023	1.6	3.1	-2.1	-0.9	-0.7	8.2	-2.3	6.0	6.1	4.8	2.2	3.8	29.8
2024	2.9	-2.6	0.1	2.0	-1.6	6.6	0.3	6.3	2.4	2.6	6.4	2.9	28.3
2025	-0.4	1.0	0.0	-0.0	2.5	5.4	-0.3	–	–	–	–	–	8.2

Total: 4.15130877494812

{% raw %}{% endraw %}

YTD 3Y 5Y Max {% raw %}{% endraw %}

beta

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2025	4.9	-0.7	5.1	2.9	2.8	3.6	-1.8	–	–	–	–	–	16.8

beta

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2022	-0.2	1.4	2.1	-1.8	1.6	-2.8	2.4	0.9	0.8	1.2	-0.4	0.6	5.8
2023	6.0	-3.3	1.5	1.7	0.3	4.0	0.9	-1.9	0.3	1.7	5.7	7.6	24.5
2024	-2.9	6.2	7.4	-2.9	0.6	-0.6	3.4	0.7	3.9	1.2	2.1	-2.7	16.4
2025	5.0	-0.7	5.1	2.9	2.8	3.6	-1.8	–	–	–	–	–	16.9

beta

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2020	8.5	1.4	-1.0	2.7	2.5	2.7	11.2	-0.1	-6.2	0.5	4.8	8.2	35.2
2021	-1.2	4.9	4.6	0.6	1.2	-0.5	2.4	-0.4	-3.1	1.7	-2.7	2.0	9.5
2022	-0.9	1.4	2.1	-1.8	1.6	-2.8	2.4	0.9	0.8	1.2	-0.4	0.6	5.1
2023	6.0	-3.3	1.5	1.7	0.3	4.0	0.9	-1.9	0.3	1.7	5.7	7.6	24.5
2024	-2.9	6.2	7.4	-2.9	0.6	-0.6	3.4	0.7	3.9	1.2	2.1	-2.7	16.4
2025	5.0	-0.7	5.1	2.9	2.8	3.6	-1.8	–	–	–	–	–	16.9

beta

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2016	1.9	10.8	1.8	3.8	-1.8	10.7	4.9	-3.2	-2.1	2.6	0.1	9.5	39.0
2017	2.5	9.7	-4.7	6.5	11.6	0.9	3.7	9.5	-0.5	3.9	2.9	8.4	54.4
2018	5.6	-5.2	-3.7	-0.4	-2.0	-0.2	1.1	0.7	-2.2	-1.4	2.0	8.7	3.0
2019	7.2	-0.9	1.3	3.7	9.7	15.4	-0.8	8.7	-5.5	-0.7	0.4	6.7	45.2
2020	8.5	1.4	-1.0	2.7	2.5	2.7	11.2	-0.1	-6.2	0.5	4.8	8.2	35.2
2021	-1.2	4.9	4.6	0.6	1.2	-0.5	2.4	-0.4	-3.1	1.7	-2.7	2.0	9.5
2022	-0.9	1.4	2.1	-1.8	1.6	-2.8	2.4	0.9	0.8	1.2	-0.4	0.6	5.1
2023	6.0	-3.3	1.5	1.7	0.3	4.0	0.9	-1.9	0.3	1.7	5.7	7.6	24.5
2024	-2.9	6.2	7.4	-2.9	0.6	-0.6	3.4	0.7	3.9	1.2	2.1	-2.7	16.4
2025	5.0	-0.7	5.1	2.9	2.8	3.6	-1.8	–	–	–	–	–	16.9

beta_global

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2025	5.4	0.1	2.7	4.0	3.3	3.7	-0.2	–	–	–	–	–	19.0

beta_global

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2022	-3.1	1.2	1.9	-4.9	-1.6	-8.0	5.3	-2.9	-4.5	1.7	3.0	0.2	-11.7
2023	7.8	-3.8	6.5	2.3	0.4	2.1	1.5	-2.2	-3.3	2.2	7.6	6.2	27.3
2024	-0.4	4.4	7.3	-4.6	3.3	0.8	5.2	1.8	4.4	-0.0	3.1	-3.0	22.3
2025	5.5	0.1	2.7	4.0	3.3	3.7	-0.2	–	–	–	–	–	19.1

beta_global

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2020	8.2	0.3	-1.5	4.1	2.6	3.1	8.2	0.6	-3.6	0.4	5.1	7.9	35.4
2021	-0.7	-2.2	1.1	4.0	0.3	-0.2	4.7	0.9	-3.4	3.0	-0.2	2.1	9.4
2022	-4.5	1.2	1.9	-4.9	-1.6	-8.0	5.3	-2.9	-4.5	1.7	3.0	0.2	-13.1
2023	7.8	-3.8	6.5	2.3	0.4	2.1	1.5	-2.2	-3.3	2.2	7.6	6.2	27.3
2024	-0.4	4.4	7.3	-4.6	3.3	0.8	5.2	1.8	4.4	-0.0	3.1	-3.0	22.3
2025	5.5	0.1	2.7	4.0	3.3	3.7	-0.2	–	–	–	–	–	19.1

beta_global

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2016	2.8	8.9	2.5	3.9	-0.4	11.7	4.4	-2.6	1.9	0.5	-6.8	5.2	32.0
2017	5.4	8.7	-1.6	5.7	10.1	0.6	4.9	7.3	-0.9	2.8	3.1	6.4	52.5
2018	0.2	-3.6	-2.2	0.3	-1.7	-3.1	2.0	0.8	-2.5	-0.9	-0.1	5.8	-5.0
2019	6.2	0.9	3.6	3.9	8.2	12.8	0.0	7.1	-3.7	2.5	-1.0	4.6	45.1
2020	8.2	0.3	-1.5	4.1	2.6	3.1	8.2	0.6	-3.6	0.4	5.1	7.9	35.4
2021	-0.7	-2.2	1.1	4.0	0.3	-0.2	4.7	0.9	-3.4	3.0	-0.2	2.1	9.4
2022	-4.5	1.2	1.9	-4.9	-1.6	-8.0	5.3	-2.9	-4.5	1.7	3.0	0.2	-13.1
2023	7.8	-3.8	6.5	2.3	0.4	2.1	1.5	-2.2	-3.3	2.2	7.6	6.2	27.3
2024	-0.4	4.4	7.3	-4.6	3.3	0.8	5.2	1.8	4.4	-0.0	3.1	-3.0	22.3
2025	5.5	0.1	2.7	4.0	3.3	3.7	-0.2	–	–	–	–	–	19.1

beta_global_timing_long_bias

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2025	4.0	-0.2	3.6	2.4	2.4	3.0	-0.8	–	–	–	–	–	14.4

beta_global_timing_long_bias

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2022	-0.5	1.3	1.9	-1.6	1.0	-2.7	2.5	0.5	0.0	1.4	0.5	0.7	5.0
2023	5.0	-2.4	2.2	1.5	0.6	3.0	1.1	-1.1	-0.0	1.6	4.8	5.7	22.0
2024	-1.6	4.6	5.7	-2.2	1.0	-0.0	3.0	1.1	3.2	0.9	1.9	-1.8	15.8
2025	4.0	-0.2	3.6	2.4	2.4	3.0	-0.8	–	–	–	–	–	14.4

beta_global_timing_long_bias

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2020	6.4	1.0	-0.7	2.3	1.9	2.0	7.9	0.0	-4.3	0.5	3.8	6.3	27.1
2021	-0.7	2.5	2.9	1.1	0.9	-0.3	2.3	-0.0	-2.2	1.6	-1.4	1.7	8.4
2022	-1.1	1.3	1.9	-1.6	1.0	-2.7	2.5	0.5	0.0	1.4	0.5	0.7	4.4
2023	5.0	-2.4	2.2	1.5	0.6	3.0	1.1	-1.1	-0.0	1.6	4.8	5.7	22.0
2024	-1.6	4.6	5.7	-2.2	1.0	-0.0	3.0	1.1	3.2	0.9	1.9	-1.8	15.8
2025	4.0	-0.2	3.6	2.4	2.4	3.0	-0.8	–	–	–	–	–	14.4

beta_global_timing_long_bias

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2016	1.8	8.0	1.7	3.0	-0.9	8.3	3.8	-1.9	-0.8	2.0	-0.8	6.7	30.9
2017	2.5	7.3	-2.8	4.9	8.8	0.9	3.1	7.0	-0.2	2.9	2.5	6.1	43.0
2018	3.5	-3.6	-2.4	-0.1	-1.5	-0.5	1.1	0.7	-1.5	-0.6	1.3	6.2	2.6
2019	5.3	-0.3	1.3	3.0	7.3	11.2	-0.3	6.4	-3.7	0.1	0.3	4.9	35.5
2020	6.4	1.0	-0.7	2.3	1.9	2.0	7.9	0.0	-4.3	0.5	3.8	6.3	27.1
2021	-0.7	2.5	2.9	1.1	0.9	-0.3	2.3	-0.0	-2.2	1.6	-1.4	1.7	8.4
2022	-1.1	1.3	1.9	-1.6	1.0	-2.7	2.5	0.5	0.0	1.4	0.5	0.7	4.4
2023	5.0	-2.4	2.2	1.5	0.6	3.0	1.1	-1.1	-0.0	1.6	4.8	5.7	22.0
2024	-1.6	4.6	5.7	-2.2	1.0	-0.0	3.0	1.1	3.2	0.9	1.9	-1.8	15.8
2025	4.0	-0.2	3.6	2.4	2.4	3.0	-0.8	–	–	–	–	–	14.4

portfolio_name:
- wealth

risk_target:
- beta_global: 1
- alfa: 1

allocation method:
- vol

running allocation...

clusters_weights_resampled

	beta	alfa
2018-12-27	0.702098	0.572327
2019-01-31	0.690059	0.584839
2019-02-28	0.695379	0.584342
2019-03-28	0.672082	0.601721
2019-04-25	0.656936	0.615795
...	...	...
2025-03-27	0.704001	0.585761
2025-04-24	0.688220	0.599691
2025-05-29	0.712375	0.595238
2025-06-26	0.720815	0.605012
2025-07-31	0.732665	0.622537

80 rows × 2 columns

clusters_weights

	beta	alfa	cdi
date
2018-12-27	0.702098	0.572327	-0.274425
2018-12-28	0.703238	0.568249	-0.271487
2018-12-31	0.703440	0.567860	-0.271300
2019-01-01	0.703416	0.567907	-0.271323
2019-01-02	0.703900	0.563587	-0.267487
...	...	...	...
2025-07-25	0.721093	0.606809	-0.327901
2025-07-28	0.715641	0.613094	-0.328735
2025-07-29	0.715257	0.610129	-0.325385
2025-07-30	0.712252	0.612223	-0.324475
2025-07-31	0.732665	0.622537	-0.355203

1721 rows × 3 columns

clusters_weights (pack_only)

	xauusd_brl_hedged	smal11_excdi	usdbrlfut	spx_brl_hedged	ls new	btcusd_brl_hedged	dif3yfut	ust10y	lo_timing new	cdi
date
2018-12-27	0.557302	0.013753	0.017910	-0.020841	0.575739	-0.004203	0.282954	1.940879	0.208378	-2.257255
2018-12-28	0.552192	0.063028	0.006921	-0.019396	0.571372	-0.006989	0.278376	1.910955	0.207338	-2.215473
2018-12-31	0.554376	0.062898	0.000809	-0.017603	0.570940	-0.010191	0.278216	1.918489	0.209195	-2.225205
2019-01-01	0.554313	0.063232	-0.000369	-0.015778	0.570987	-0.012545	0.278238	1.920504	0.208959	-2.226440
2019-01-02	0.544425	0.063261	0.000000	-0.015958	0.563888	-0.007176	0.278418	1.923225	0.209799	-2.218203
...	...	...	...	...	...	...	...	...	...	...
2025-07-25	0.301739	-0.064855	-0.034013	0.236640	0.646594	0.125215	0.006540	0.699068	0.173561	-1.182816
2025-07-28	0.239018	-0.065391	-0.021342	0.231047	0.651592	0.124844	0.011106	0.450875	0.171886	-0.869263
2025-07-29	0.183714	-0.064984	-0.005269	0.226846	0.648292	0.123700	0.215019	0.450137	0.170555	-0.803242
2025-07-30	0.089570	-0.064035	-0.008803	0.229533	0.652099	0.124866	0.203373	0.637972	0.172657	-0.906697
2025-07-31	0.070045	-0.063120	-0.013212	0.255032	0.666937	0.131560	0.213973	0.732626	0.218020	-1.074218

1721 rows × 10 columns

securities_weights

	cruz3	krot11	brtp3	prga4	pomo4	flry3	telb4	modl11	radl3	arml3	...	tnep4	arcz6	motv3	dasa3	ogxp3	brpr3	abre11	mplu3	mags5	cdi
date
2018-12-27	0.0	0.0	0.0	0.0	-0.005108	-0.015089	0.0	0.0	-0.023305	0.000000	...	0.0	0.0	-0.001849	0.0	0.0	-0.018137	0.0	-0.019253	0.0	-1.670887
2018-12-28	0.0	0.0	0.0	0.0	-0.007623	-0.018464	0.0	0.0	-0.026950	0.000000	...	0.0	0.0	-0.002481	0.0	0.0	0.000000	0.0	-0.007200	0.0	-1.711952
2018-12-31	0.0	0.0	0.0	0.0	-0.007617	-0.018450	0.0	0.0	-0.026930	0.000000	...	0.0	0.0	-0.002480	0.0	0.0	0.000000	0.0	-0.007194	0.0	-1.722065
2019-01-01	0.0	0.0	0.0	0.0	-0.007617	-0.018452	0.0	0.0	-0.026932	0.000000	...	0.0	0.0	-0.002480	0.0	0.0	0.000000	0.0	-0.007195	0.0	-1.723258
2019-01-02	0.0	0.0	0.0	0.0	-0.007803	-0.018528	0.0	0.0	-0.026338	0.000000	...	0.0	0.0	-0.002619	0.0	0.0	0.000000	0.0	-0.007030	0.0	-1.721970
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
2025-07-25	0.0	0.0	0.0	0.0	0.002604	0.000598	0.0	0.0	-0.010528	-0.003351	...	0.0	0.0	-0.011058	0.0	0.0	0.000000	0.0	0.000000	0.0	-0.467405
2025-07-28	0.0	0.0	0.0	0.0	0.002551	0.000597	0.0	0.0	-0.010364	-0.003307	...	0.0	0.0	-0.010994	0.0	0.0	0.000000	0.0	0.000000	0.0	-0.151840
2025-07-29	0.0	0.0	0.0	0.0	0.002518	0.000591	0.0	0.0	-0.010300	-0.003178	...	0.0	0.0	-0.010923	0.0	0.0	0.000000	0.0	0.000000	0.0	-0.092938
2025-07-30	0.0	0.0	0.0	0.0	0.002564	0.000596	0.0	0.0	-0.010088	-0.003138	...	0.0	0.0	-0.010935	0.0	0.0	0.000000	0.0	0.000000	0.0	-0.198341
2025-07-31	0.0	0.0	0.0	0.0	0.002622	0.000609	0.0	0.0	-0.010317	-0.003210	...	0.0	0.0	-0.011184	0.0	0.0	0.000000	0.0	0.000000	0.0	-0.349745

1721 rows × 373 columns

cota_gross

date
2018-12-27    1.000000
2018-12-28    1.010756
2018-12-31    1.011383
2019-01-01    1.011300
2019-01-02    1.025733
                ...   
2025-07-25    7.850562
2025-07-28    7.829239
2025-07-29    7.908417
2025-07-30    7.929176
2025-07-31    7.928617
Length: 1721, dtype: float64

cota_net

date
2018-12-27    1.000000
2018-12-28    1.010757
2018-12-31    1.011384
2019-01-01    1.011300
2019-01-02    1.025733
                ...   
2025-07-25    7.847392
2025-07-28    7.826071
2025-07-29    7.905217
2025-07-30    7.925970
2025-07-31    7.925398
Length: 1721, dtype: float64

running sizing...

clusters_weights_resampled_sized

	beta	alfa	cdi
2018-12-27	NaN	NaN	NaN
2019-01-24	0.069618	0.056508	-0.026127
2019-01-25	0.698682	0.560427	-0.259108
2019-01-31	0.690059	0.584839	-0.274899
2019-02-28	0.695379	0.584342	-0.279721
...	...	...	...
2025-03-27	0.704001	0.585761	-0.289761
2025-04-24	0.688220	0.599691	-0.287911
2025-05-29	0.712375	0.595238	-0.307612
2025-06-26	0.720815	0.605012	-0.325827
2025-07-31	0.732665	0.622537	-0.355203

107 rows × 3 columns

clusters_weights_sized

	beta	alfa	cdi
date
2018-12-27	NaN	NaN	1.000000
2018-12-28	NaN	NaN	1.000000
2018-12-31	NaN	NaN	1.000000
2019-01-01	NaN	NaN	1.000000
2019-01-02	NaN	NaN	1.000000
...	...	...	...
2025-07-25	0.723856	0.609134	-0.332990
2025-07-28	0.718522	0.615563	-0.334085
2025-07-29	0.718238	0.612672	-0.330910
2025-07-30	0.715343	0.614879	-0.330223
2025-07-31	0.732665	0.622537	-0.355203

1721 rows × 3 columns

clusters_weights_sized (pack_only)

	xauusd_brl_hedged	smal11_excdi	usdbrlfut	spx_brl_hedged	ls new	btcusd_brl_hedged	dif3yfut	ust10y	lo_timing new	cdi
date
2018-12-27	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	1.000000
2018-12-28	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	1.000000
2018-12-31	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	1.000000
2019-01-01	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	1.000000
2019-01-02	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	0.000000	1.000000
...	...	...	...	...	...	...	...	...	...	...
2025-07-25	0.302895	-0.065104	-0.034143	0.237547	0.649072	0.125694	0.006565	0.701747	0.174226	-1.191180
2025-07-28	0.239981	-0.065654	-0.021428	0.231977	0.654216	0.125347	0.011151	0.452690	0.172578	-0.876789
2025-07-29	0.184479	-0.065255	-0.005291	0.227791	0.650994	0.124215	0.215915	0.452013	0.171266	-0.810758
2025-07-30	0.089958	-0.064313	-0.008841	0.230529	0.654929	0.125408	0.204256	0.640740	0.173406	-0.914971
2025-07-31	0.070045	-0.063120	-0.013212	0.255032	0.666937	0.131560	0.213973	0.732626	0.218020	-1.074218

1721 rows × 10 columns

securities_weights

	cruz3	krot11	brtp3	prga4	pomo4	flry3	telb4	modl11	radl3	arml3	...	tnep4	arcz6	motv3	dasa3	ogxp3	brpr3	abre11	mplu3	mags5	cdi
date
2018-12-27	0.0	0.0	0.0	0.0	0.000000	0.000000	0.0	0.0	0.000000	0.000000	...	0.0	0.0	0.000000	0.0	0.0	0.0	0.0	0.0	0.0	1.000000
2018-12-28	0.0	0.0	0.0	0.0	0.000000	0.000000	0.0	0.0	0.000000	0.000000	...	0.0	0.0	0.000000	0.0	0.0	0.0	0.0	0.0	0.0	1.000000
2018-12-31	0.0	0.0	0.0	0.0	0.000000	0.000000	0.0	0.0	0.000000	0.000000	...	0.0	0.0	0.000000	0.0	0.0	0.0	0.0	0.0	0.0	1.000000
2019-01-01	0.0	0.0	0.0	0.0	0.000000	0.000000	0.0	0.0	0.000000	0.000000	...	0.0	0.0	0.000000	0.0	0.0	0.0	0.0	0.0	0.0	1.000000
2019-01-02	0.0	0.0	0.0	0.0	0.000000	0.000000	0.0	0.0	0.000000	0.000000	...	0.0	0.0	0.000000	0.0	0.0	0.0	0.0	0.0	0.0	1.000000
...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
2025-07-25	0.0	0.0	0.0	0.0	0.002614	0.000600	0.0	0.0	-0.010568	-0.003364	...	0.0	0.0	-0.011101	0.0	0.0	0.0	0.0	0.0	0.0	-0.473027
2025-07-28	0.0	0.0	0.0	0.0	0.002561	0.000599	0.0	0.0	-0.010405	-0.003320	...	0.0	0.0	-0.011038	0.0	0.0	0.0	0.0	0.0	0.0	-0.156478
2025-07-29	0.0	0.0	0.0	0.0	0.002529	0.000593	0.0	0.0	-0.010343	-0.003191	...	0.0	0.0	-0.010969	0.0	0.0	0.0	0.0	0.0	0.0	-0.097494
2025-07-30	0.0	0.0	0.0	0.0	0.002575	0.000598	0.0	0.0	-0.010132	-0.003152	...	0.0	0.0	-0.010983	0.0	0.0	0.0	0.0	0.0	0.0	-0.203541
2025-07-31	0.0	0.0	0.0	0.0	0.002622	0.000609	0.0	0.0	-0.010317	-0.003210	...	0.0	0.0	-0.011184	0.0	0.0	0.0	0.0	0.0	0.0	-0.349745

1721 rows × 373 columns

cota_gross_sized

date
2018-12-27    1.000000
2018-12-28    1.000246
2018-12-31    1.000492
2019-01-01    1.000492
2019-01-02    1.000739
                ...   
2025-07-25    7.284432
2025-07-28    7.264555
2025-07-29    7.338303
2025-07-30    7.357629
2025-07-31    7.357107
Length: 1721, dtype: float64

cota_net_sized

date
2018-12-27    1.000000
2018-12-28    1.000246
2018-12-31    1.000492
2019-01-01    1.000492
2019-01-02    1.000739
                ...   
2025-07-25    7.266500
2025-07-28    7.246667
2025-07-29    7.320232
2025-07-30    7.339512
2025-07-31    7.338982
Length: 1721, dtype: float64

{% raw %}{% endraw %}

{% raw %}{% endraw %}

{% raw %}{% endraw %}

YTD 3Y 5Y Max {% raw %}{% endraw %}

alfa

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2025	-0.4	1.0	0.0	-0.0	2.5	5.4	-0.3	–	–	–	–	–	8.2

alfa

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2022	0.2	2.8	3.3	4.1	4.5	1.5	0.1	0.3	-2.2	1.7	5.6	1.9	23.8
2023	1.6	3.0	-2.5	-0.9	-0.7	8.2	-2.3	6.0	6.1	4.8	2.2	3.8	29.3
2024	2.9	-2.5	0.1	3.9	-0.7	6.6	0.3	10.5	2.4	2.6	6.3	3.0	35.4
2025	-0.4	1.0	0.0	-0.0	2.5	5.4	-0.3	–	–	–	–	–	8.2

alfa

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2020	5.9	6.4	6.4	-1.2	0.5	0.0	2.0	-3.8	-1.5	-0.0	0.4	4.8	19.9
2021	-0.9	4.4	1.2	6.3	0.4	-1.7	3.1	7.6	6.5	7.7	-1.2	4.7	38.1
2022	0.2	2.8	3.3	4.1	4.5	1.5	0.1	0.3	-2.2	1.7	5.6	1.9	23.8
2023	1.6	3.0	-2.5	-0.9	-0.7	8.2	-2.3	6.0	6.1	4.8	2.2	3.8	29.3
2024	2.9	-2.5	0.1	3.9	-0.7	6.6	0.3	10.5	2.4	2.6	6.3	3.0	35.4
2025	-0.4	1.0	0.0	-0.0	2.5	5.4	-0.3	–	–	–	–	–	8.2

alfa

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2016	4.6	-0.6	-1.5	2.9	-0.6	-1.3	3.4	2.8	-2.0	5.2	0.5	3.3	16.7
2017	5.1	9.1	-2.0	2.2	-2.1	-0.4	2.4	-1.0	2.8	3.2	2.9	2.3	24.5
2018	-0.9	10.1	3.5	0.7	8.6	7.6	0.3	6.7	-0.1	-3.8	1.4	3.7	37.8
2019	3.1	3.0	0.1	1.5	8.9	0.0	2.2	1.7	-3.3	5.7	7.4	6.4	36.7
2020	5.9	6.4	6.4	-1.2	0.5	0.0	2.0	-3.8	-1.5	-0.0	0.4	4.8	19.9
2021	-0.9	4.4	1.2	6.3	0.4	-1.7	3.1	7.6	6.5	7.7	-1.2	4.7	38.1
2022	0.2	2.8	3.3	4.1	4.5	1.5	0.1	0.3	-2.2	1.7	5.6	1.9	23.8
2023	1.6	3.0	-2.5	-0.9	-0.7	8.2	-2.3	6.0	6.1	4.8	2.2	3.8	29.3
2024	2.9	-2.5	0.1	3.9	-0.7	6.6	0.3	10.5	2.4	2.6	6.3	3.0	35.4
2025	-0.4	1.0	0.0	-0.0	2.5	5.4	-0.3	–	–	–	–	–	8.2

beta

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2025	4.9	-0.7	5.1	2.9	2.8	3.6	-1.8	–	–	–	–	–	16.8

beta

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2022	-0.2	1.4	2.1	-1.8	1.6	-2.8	2.4	0.9	0.8	1.2	-0.4	0.6	5.8
2023	6.0	-3.3	1.5	1.7	0.3	4.0	0.9	-1.9	0.3	1.7	5.7	7.6	24.5
2024	-2.9	6.2	7.4	-2.9	0.6	-0.6	3.4	0.7	3.9	1.2	2.1	-2.7	16.4
2025	5.0	-0.7	5.1	2.9	2.8	3.6	-1.8	–	–	–	–	–	16.9

beta

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2020	8.5	1.4	-1.0	2.7	2.5	2.7	11.2	-0.1	-6.2	0.5	4.8	8.2	35.2
2021	-1.2	4.9	4.6	0.6	1.2	-0.5	2.4	-0.4	-3.1	1.7	-2.7	2.0	9.5
2022	-0.9	1.4	2.1	-1.8	1.6	-2.8	2.4	0.9	0.8	1.2	-0.4	0.6	5.1
2023	6.0	-3.3	1.5	1.7	0.3	4.0	0.9	-1.9	0.3	1.7	5.7	7.6	24.5
2024	-2.9	6.2	7.4	-2.9	0.6	-0.6	3.4	0.7	3.9	1.2	2.1	-2.7	16.4
2025	5.0	-0.7	5.1	2.9	2.8	3.6	-1.8	–	–	–	–	–	16.9

beta

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2016	1.9	10.8	1.8	3.8	-1.8	10.7	4.9	-3.2	-2.1	2.6	0.1	9.5	39.0
2017	2.5	9.7	-4.7	6.5	11.6	0.9	3.7	9.5	-0.5	3.9	2.9	8.4	54.4
2018	5.6	-5.2	-3.7	-0.4	-2.0	-0.2	1.1	0.7	-2.2	-1.4	2.0	8.7	3.0
2019	7.2	-0.9	1.3	3.7	9.7	15.4	-0.8	8.7	-5.5	-0.7	0.4	6.7	45.2
2020	8.5	1.4	-1.0	2.7	2.5	2.7	11.2	-0.1	-6.2	0.5	4.8	8.2	35.2
2021	-1.2	4.9	4.6	0.6	1.2	-0.5	2.4	-0.4	-3.1	1.7	-2.7	2.0	9.5
2022	-0.9	1.4	2.1	-1.8	1.6	-2.8	2.4	0.9	0.8	1.2	-0.4	0.6	5.1
2023	6.0	-3.3	1.5	1.7	0.3	4.0	0.9	-1.9	0.3	1.7	5.7	7.6	24.5
2024	-2.9	6.2	7.4	-2.9	0.6	-0.6	3.4	0.7	3.9	1.2	2.1	-2.7	16.4
2025	5.0	-0.7	5.1	2.9	2.8	3.6	-1.8	–	–	–	–	–	16.9

wealth

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2025	3.2	-0.2	3.1	2.1	3.9	5.3	-2.1	–	–	–	–	–	15.3

wealth

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2022	-0.3	2.5	3.2	1.0	3.6	-1.3	1.4	0.4	-1.1	1.5	3.0	1.9	15.8
2023	4.3	-0.8	-1.0	0.2	0.0	8.5	-1.1	2.0	4.1	4.3	6.4	9.0	35.9
2024	-1.1	2.9	5.5	-0.2	-0.1	3.9	2.4	7.0	3.9	2.2	5.4	-0.7	31.1
2025	3.3	-0.2	3.1	2.1	3.9	5.3	-2.1	–	–	–	–	–	15.4

wealth

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2020	9.0	4.7	2.8	1.0	1.8	1.8	8.7	-2.1	-5.2	0.3	3.5	8.2	34.5
2021	-1.3	5.9	4.2	5.2	0.9	-1.9	3.7	5.3	2.5	6.3	-2.9	4.1	32.0
2022	-0.8	2.5	3.2	1.0	3.6	-1.3	1.4	0.4	-1.1	1.5	3.0	1.9	15.3
2023	4.3	-0.8	-1.0	0.2	0.0	8.5	-1.1	2.0	4.1	4.3	6.4	9.0	35.9
2024	-1.1	2.9	5.5	-0.2	-0.1	3.9	2.4	7.0	3.9	2.2	5.4	-0.7	31.1
2025	3.3	-0.2	3.1	2.1	3.9	5.3	-2.1	–	–	–	–	–	15.4

wealth

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2016	4.0	6.3	-0.2	4.1	-1.9	5.7	5.2	-0.7	-3.1	4.8	0.1	8.1	32.4
2017	4.7	12.3	-4.7	5.5	5.8	0.1	3.8	5.2	1.3	4.5	3.7	6.9	49.1
2018	2.9	2.7	-0.3	0.0	4.1	4.7	0.7	4.7	-1.6	-3.6	2.1	8.1	24.5
2019	6.7	1.0	0.8	3.3	11.8	9.7	1.0	6.2	-5.8	3.5	5.3	8.3	51.8
2020	9.0	4.7	2.8	1.0	1.8	1.8	8.7	-2.1	-5.2	0.3	3.5	8.2	34.5
2021	-1.3	5.9	4.2	5.2	0.9	-1.9	3.7	5.3	2.5	6.3	-2.9	4.1	32.0
2022	-0.8	2.5	3.2	1.0	3.6	-1.3	1.4	0.4	-1.1	1.5	3.0	1.9	15.3
2023	4.3	-0.8	-1.0	0.2	0.0	8.5	-1.1	2.0	4.1	4.3	6.4	9.0	35.9
2024	-1.1	2.9	5.5	-0.2	-0.1	3.9	2.4	7.0	3.9	2.2	5.4	-0.7	31.1
2025	3.3	-0.2	3.1	2.1	3.9	5.3	-2.1	–	–	–	–	–	15.4

	xauusd_brl_hedged	smal11_excdi	usdbrlfut	spx_brl_hedged	ls new	btcusd_brl_hedged	dif3yfut	ust10y	lo_timing new	tc_cosmos_fic	cdi
2025-07	-0.35	0.08	-0.15	0.43	0.25	1.41	-0.29	-0.94	-1.12	-0.06	-1.34

Total: 180.389750957489

Exporting Prepare

Previdência

Total: 9.328709125518799

{% raw %}{% endraw %}

YTD 3Y 5Y Max {% raw %}{% endraw %}

ntnb_lo

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2025	1.8	0.4	1.9	3.1	0.8	0.8	-0.8	–	–	–	–	–	8.0

ntnb_lo

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2022	-0.3	0.3	3.4	0.6	1.1	0.2	-0.8	0.9	0.6	1.5	-0.8	-0.0	6.7
2023	0.8	1.6	2.6	1.7	2.7	1.6	0.7	0.0	-1.1	-1.1	2.9	2.2	14.6
2024	-0.2	0.7	0.0	-1.8	1.3	-0.7	1.6	0.6	-0.5	-0.3	-0.5	-2.3	-2.1
2025	1.8	0.4	1.9	3.1	0.8	0.8	-0.8	–	–	–	–	–	8.0

ntnb_lo

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2020	1.1	0.9	-3.8	1.1	3.5	1.6	2.7	-1.1	-1.1	-0.4	1.8	4.3	10.6
2021	-0.8	-2.2	-0.6	1.5	0.5	-0.0	-0.6	-0.4	0.2	-1.9	3.4	1.2	0.3
2022	-0.5	0.3	3.4	0.6	1.1	0.2	-0.8	0.9	0.6	1.5	-0.8	-0.0	6.5
2023	0.8	1.6	2.6	1.7	2.7	1.6	0.7	0.0	-1.1	-1.1	2.9	2.2	14.6
2024	-0.2	0.7	0.0	-1.8	1.3	-0.7	1.6	0.6	-0.5	-0.3	-0.5	-2.3	-2.1
2025	1.8	0.4	1.9	3.1	0.8	0.8	-0.8	–	–	–	–	–	8.0

ntnb_lo

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2019	2.7	0.5	0.9	1.2	2.7	3.1	1.0	0.0	2.6	2.8	-1.5	1.4	17.4
2020	1.1	0.9	-3.8	1.1	3.5	1.6	2.7	-1.1	-1.1	-0.4	1.8	4.3	10.6
2021	-0.8	-2.2	-0.6	1.5	0.5	-0.0	-0.6	-0.4	0.2	-1.9	3.4	1.2	0.3
2022	-0.5	0.3	3.4	0.6	1.1	0.2	-0.8	0.9	0.6	1.5	-0.8	-0.0	6.5
2023	0.8	1.6	2.6	1.7	2.7	1.6	0.7	0.0	-1.1	-1.1	2.9	2.2	14.6
2024	-0.2	0.7	0.0	-1.8	1.3	-0.7	1.6	0.6	-0.5	-0.3	-0.5	-2.3	-2.1
2025	1.8	0.4	1.9	3.1	0.8	0.8	-0.8	–	–	–	–	–	8.0

dif8yfut_av_timing

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2025	-1.7	1.4	-0.0	3.4	0.7	3.4	-0.8	–	–	–	–	–	6.4

dif8yfut_av_timing

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2022	-0.3	-1.5	6.2	2.6	-1.3	3.2	3.2	3.6	-1.9	-0.5	6.6	1.9	21.8
2023	-2.1	0.3	2.7	4.1	5.4	6.3	-1.5	-2.3	2.5	0.6	2.6	3.7	22.3
2024	-1.2	-0.6	0.4	5.2	-0.5	1.9	-0.8	1.0	1.7	1.5	3.9	5.3	17.8
2025	-1.7	1.4	-0.0	3.4	0.7	3.4	-0.8	–	–	–	–	–	6.4

dif8yfut_av_timing

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2020	0.5	0.1	0.1	-4.9	1.3	0.2	3.5	-4.1	-0.5	-0.8	-3.1	5.8	-1.9
2021	-1.0	4.7	0.9	-0.7	0.9	-0.7	1.6	6.4	2.6	6.3	-1.7	2.5	21.8
2022	-0.3	-1.5	6.2	2.6	-1.3	3.2	3.2	3.6	-1.9	-0.5	6.6	1.9	21.8
2023	-2.1	0.3	2.7	4.1	5.4	6.3	-1.5	-2.3	2.5	0.6	2.6	3.7	22.3
2024	-1.2	-0.6	0.4	5.2	-0.5	1.9	-0.8	1.0	1.7	1.5	3.9	5.3	17.8
2025	-1.7	1.4	-0.0	3.4	0.7	3.4	-0.8	–	–	–	–	–	6.4

dif8yfut_av_timing

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2019	2.8	-0.4	-1.6	-1.5	1.8	8.2	2.0	-1.5	1.8	5.0	0.6	-0.4	16.8
2020	0.5	0.1	0.1	-4.9	1.3	0.2	3.5	-4.1	-0.5	-0.8	-3.1	5.8	-1.9
2021	-1.0	4.7	0.9	-0.7	0.9	-0.7	1.6	6.4	2.6	6.3	-1.7	2.5	21.8
2022	-0.3	-1.5	6.2	2.6	-1.3	3.2	3.2	3.6	-1.9	-0.5	6.6	1.9	21.8
2023	-2.1	0.3	2.7	4.1	5.4	6.3	-1.5	-2.3	2.5	0.6	2.6	3.7	22.3
2024	-1.2	-0.6	0.4	5.2	-0.5	1.9	-0.8	1.0	1.7	1.5	3.9	5.3	17.8
2025	-1.7	1.4	-0.0	3.4	0.7	3.4	-0.8	–	–	–	–	–	6.4

prev

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2025	-0.5	1.0	0.7	3.7	0.6	2.6	-1.2	–	–	–	–	–	6.9

prev

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2022	-0.5	-1.1	5.9	2.0	-0.5	2.1	1.7	2.8	-1.3	0.2	4.0	1.1	16.4
2023	-1.3	0.8	2.9	3.5	4.9	5.0	-0.9	-1.8	1.0	-0.3	3.1	3.5	20.4
2024	-1.2	-0.3	0.1	2.5	0.1	0.8	0.1	0.9	0.8	0.8	2.3	2.4	9.3
2025	-0.5	1.0	0.7	3.7	0.6	2.6	-1.2	–	–	–	–	–	6.9

prev

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2020	0.8	0.4	-1.6	-3.0	2.6	0.9	3.8	-3.5	-0.9	-0.8	-1.3	6.2	3.6
2021	-1.1	2.1	0.4	0.2	0.8	-0.5	0.8	4.2	1.8	3.3	0.4	2.2	14.6
2022	-0.6	-1.1	5.9	2.0	-0.5	2.1	1.7	2.8	-1.3	0.2	4.0	1.1	16.3
2023	-1.3	0.8	2.9	3.5	4.9	5.0	-0.9	-1.8	1.0	-0.3	3.1	3.5	20.4
2024	-1.2	-0.3	0.1	2.5	0.1	0.8	0.1	0.9	0.8	0.8	2.3	2.4	9.3
2025	-0.5	1.0	0.7	3.7	0.6	2.6	-1.2	–	–	–	–	–	6.9

prev

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year %
year
2019	3.2	-0.2	-0.7	-0.5	2.5	7.2	1.8	-1.1	2.4	4.8	-0.4	0.4	19.4
2020	0.8	0.4	-1.6	-3.0	2.6	0.9	3.8	-3.5	-0.9	-0.8	-1.3	6.2	3.6
2021	-1.1	2.1	0.4	0.2	0.8	-0.5	0.8	4.2	1.8	3.3	0.4	2.2	14.6
2022	-0.6	-1.1	5.9	2.0	-0.5	2.1	1.7	2.8	-1.3	0.2	4.0	1.1	16.3
2023	-1.3	0.8	2.9	3.5	4.9	5.0	-0.9	-1.8	1.0	-0.3	3.1	3.5	20.4
2024	-1.2	-0.3	0.1	2.5	0.1	0.8	0.1	0.9	0.8	0.8	2.3	2.4	9.3
2025	-0.5	1.0	0.7	3.7	0.6	2.6	-1.2	–	–	–	–	–	6.9

Exporting

2025-07-31	essencial	prev
bitfut	0.1316	0.000000
bova11	-0.0000	0.000000
cdi	0.6800	0.500000
cosmos	0.1500	0.000000
dif3yfut	0.2140	0.000000
dif8yfut	0.0000	0.534012
gold11	0.0700	0.000000
ibovfut	0.0000	0.000000
lo_timing new	0.2180	0.000000
ls new	0.6669	0.000000
ntnb5y_idka	0.0000	0.500000
smal11	-0.0631	0.000000
spxfut	0.2550	0.000000
usdbrlfut	-0.0132	0.000000
ust10yfut	0.7326	0.000000

2025-07-30	essencial	prev
bitfut	0.1249	0.000000
bova11	-0.0000	0.000000
cdi	0.7100	0.500000
cosmos	0.1500	0.000000
dif3yfut	0.2034	0.000000
dif8yfut	0.0000	0.620431
gold11	0.0896	0.000000
ibovfut	0.0000	0.000000
lo_timing new	0.1727	0.000000
ls new	0.6521	0.000000
ntnb5y_idka	0.0000	0.500000
smal11	-0.0640	0.000000
spxfut	0.2295	0.000000
usdbrlfut	-0.0088	0.000000
ust10yfut	0.6380	0.000000

Total: 196.20808863639832

Total: 217.04292702674866